#XRPETFs ETF of XRP: these are the funds awaiting SEC approval so far

On March 11, Franklin Templeton became the ninth firm to apply for an XRP ETF, although giants like BlackRock have yet to join the race.

The U.S. asset manager Franklin Templeton has entered the growing race of XRP exchange-traded funds (ETFs)

becoming the latest company to file for a spot XRP ETF in the United States.

Franklin Templeton's XRP ETF (XRP) is designed to track the performance of the XRP price, with holdings of XRP stored in Coinbase Custody Trust, according to an official filing with the U.S. Securities and Exchange Commission on March 11.

On the same day, the SEC postponed decisions on multiple cryptocurrency ETF filings, including Grayscale's proposal to convert its XRP Trust into an ETF.

Despite the growing frenzy of XRP ETF filings, BlackRock -issuer of the largest spot Bitcoin ETF- has not yet filed for a product based on XRP.

Who has applied for an XRP ETF in the U.S.?

As of March 12, nine companies have filed for XRP-based ETF products in the U.S., including major issuers such as Bitwise, ProShares, 21Shares, and others.

Bitwise, one of the largest crypto fund managers in the world, was the first company to file an S-1 form for an XRP ETF on October 2, 2024.