XRP Price Catalyst: Franklin Templeton Joins Growing List of ETF Applicants

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XRP Price Catalyst: Franklin Templeton Joins Growing List of ETF Applicants
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One of the world’s largest asset managers, Franklin Templeton, is planning to launch an ETF that will track the spot price of the Ripple cross-border payment token XRP.

There are now 17 XRP ETF filings pending a response from the US securities regulator. They include issuers Bitwise, Grayscale, 21Shares, WisdomTree, Canary Capital, CoinShares, Invesco, VanEck, Fidelity, Ark Invest, Galaxy Digital, ProShares, Hashdex, and Volatility Shares. The Bitwise Bitcoin Standard Corporations ETF “seeks to track the Bitwise Bitcoin Standard Corporations Index, a new equity index of companies with at least 1,000 Bitcoin in their corporate treasuries,” the firm

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