The investment giant, managing $1.5 trillion in assets, is looking to launch Franklin XRP ETF, which will trade on Cboe BZX. Coinbase Custody will act as the custodian, while State Street Bank will be the trustee
This is already the 17th application for an XRP-ETF, competing with Ark Invest, Fidelity, VanEck, and Grayscale. XRP gained +2.4% on the news and is now trading at $2.2
The SEC is delaying its decision, but this could be a major catalyst for the XRP market!