Franklin Templeton Launches XRP ETF

Franklin Templeton, a renowned financial firm, has introduced its XRP exchange-traded fund, the Franklin XRP Trust, on NYSE Arca. This move positions the firm in the growing market of XRP funds, alongside Bitwise and Grayscale. The new ETF, which allows traditional investors to access XRP without the complexities of direct ownership, marks a significant change for XRP, following its past challenges and the SEC lawsuit. Franklin Templetons expansion into the crypto market through regulated investment products reflects a broader trend of big financial players entering the crypto space.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.