In the grand theater of finance, behold the American asset manager Franklin Templeton, stepping onto the stage of the XRP exchange-traded fund (ETF) race! 🎭 They have joined the fray, filing for a spot XRP ETF in the United States, as if the world needed another player in this chaotic game.
Franklin Templeton’s XRP ETF, a noble attempt to track the wild dance of the XRP price, has its holdings safely tucked away at Coinbase Custody Trust. This revelation came forth in an official filing with the US Securities and Exchange Commission on March 11, a date that will surely be remembered in the annals of financial history—or not! 😂
On that very day, the SEC, in its infinite wisdom, decided to postpone decisions on multiple crypto ETF filings, including Grayscale’s audacious proposal to transform its XRP Trust into an ETF. Because why make decisions when you can keep everyone on the edge of their seats? 🎢
Amidst this frenzy of XRP ETF filings, one must wonder: where is BlackRock, the titan of the largest spot Bitcoin (BTC) ETF? They have yet to dip their toes into the XRP waters. Perhaps they are waiting for the perfect moment, or maybe they just forgot their floaties! 🏊♂️
Who has filed for an XRP ETF in the US?
As of March 12, a staggering nine companies have thrown their hats into the XRP ETF ring in the US, including heavyweights like Bitwise, ProShares, and 21Shares. It’s like a financial version of a reality show, and everyone wants to be the last one standing!
Bitwise, the self-proclaimed giant among crypto fund managers, was the first to submit a Form S-1 filing for an XRP ETF on October 2, 2024. They must have been feeling particularly bold that day! 💪
Canary Capital, not wanting to be left out, followed suit with their own Form S-1 for a similar product on October 8, 2024. It’s a race, folks, and everyone wants to be the hare! 🐇
Switzerland-based 21Shares and the US ETF provider WisdomTree also joined the XRP ETF party in late 2024, with their filings arriving fashionably late in November and December, respectively. Better late than never, right? ⏰
ProShares, not to be outdone, jumped into the XRP ETF race in 2025, filing for several products with the SEC on January 17, including the ProShares XRP ETF and three additional XRP investment products. Talk about ambition! 🚀
CoinShares, the European crypto investment firm, also decided to join the fun in January, while Grayscale proposed to convert its XRP Trust into an ETF trading on the New York Stock Exchange on January 30. It’s like a game of musical chairs, and everyone wants a seat! 🎶
Volatility Shares, a Florida-based financial services firm founded in 2019, filed three XRP ETF products on March 7, including the Volatility Shares XRP ETF, the Volatility Shares 2x XRP ETF, and the Volatility Shares -1x XRP ETF. Because why have one when you can have three? 🤷♂️
Other filings featuring XRP ETFs
But wait, there’s more! Beyond the dedicated XRP ETF filings, at least two asset managers have included XRP in broader crypto ETF products. It’s like a buffet, and they’re piling their plates high!
On January 21, asset manager REX-Osprey filed for an “ETF Opportunities Trust,” which includes seven ETFs tracking assets like XRP and Bitcoin, along with memecoins like Bonk (BONK) and Official Trump (TRUMP). Because who doesn’t want a little meme magic in their portfolio? 🥳
Similarly, Tuttle Capital Management submitted an ETF opportunities trust filing, including 10 daily target ETFs, covering assets such as XRP and Melania (MELANIA). It’s a wild world out there! 🌍
Yet, apart from BlackRock, a number of crypto ETF providers have
Read More
- NYM PREDICTION. NYM cryptocurrency
- ZK PREDICTION. ZK cryptocurrency
- COW PREDICTION. COW cryptocurrency
- ONT PREDICTION. ONT cryptocurrency
- INJ PREDICTION. INJ cryptocurrency
- HBAR PREDICTION. HBAR cryptocurrency
- IP PREDICTION. IP cryptocurrency
- PSP PREDICTION. PSP cryptocurrency
- EUR INR PREDICTION
- TRU PREDICTION. TRU cryptocurrency
2025-03-12 16:24