CBOE BZX Files to Trade Franklin Templeton XRP ETF
In a significant move for cryptocurrency investment, the CBOE BZX exchange in Chicago has submitted a filing to the SEC on behalf of Franklin Templeton to commence trading of its XRP exchange-traded fund. This filing, described as a 19b-4 application, opens the door for more institutional investment in the XRP asset. Franklin Templeton, a leading investment firm, is aiming to attract investors to its ETF that focuses on XRP, which is known for its fast transactions and robust blockchain utility. The move signals rising interest in crypto-related financial products as regulatory clarity improves, potentially leading to an increase in mainstream adoption. As the cryptocurrency landscape continues to evolve, this development could play a pivotal role in shaping investor attitudes toward digital assets like XRP. Investors will be closely watching the SEC’s response and the implications for other cryptocurrencies in the ETF space.