Franklin Templeton has joined the race to establish an XRP ETF by filing a preliminary application with the SEC. This filing initiates a process that allows the SEC up to 240 days to review and respond, possibly delaying a decision until late 2025. The interest in an XRP ETF reflects the growing demand for cryptocurrency investment vehicles among institutional players. If approved, this ETF could significantly impact XRP’s popularity and accessibility for investors. Market participants are watching this development closely, as it may hint at future trends in cryptocurrency regulation and institutional adoption.