- Franklin Templeton lists XRP ETF on DTCC platform.
- Institutional intent for XRP market exposure indicated.
- Regulatory approval pending for trading commencement.
Franklin Templeton has listed its proposed XRP Exchange-Traded Fund (ETF), labeled as XRPZ, on the DTCC platform, marking a preparatory move without commencing trades or securing regulatory approvals.
This step signals institutional interest in XRP, though trading awaits regulatory clearance. Broader market effects remain speculative pending SEC actions and subsequent trading outcomes.
Franklin Templeton, a prominent global asset manager, has listed a proposed XRP ETF on the DTCC platform. This action represents a preparatory step but does not mean trading has commenced or regulatory approval has been secured.
Named the “Franklin XRP Trust,” the fund is under ticker XRPZ. Franklin Templeton filed an amended S-1 registration statement, leveraging the “8(a)” provision, which could accelerate the registration process in 20 days unless SEC action occurs.
The listing signals intent for XRP market exposure, although no immediate trading or fund allocations exist. Market interest is rising, reflected by inflows into other crypto ETFs, evident from net inflows into Bitcoin and Ethereum ETFs on listing day.
Other assets like BTC and ETH may see sentiment spillovers due to regulatory progress. This aligns with trends from previous spot ETFs, which followed similar paths, sparking anticipation and significant inflows upon receiving regulatory approval.
No official statements from Franklin Templeton’s leadership or industry experts have emerged about the DTCC listing. Community reactions primarily reside in social media discussions, with no significant commentary from known influencers or official developer channels.
Currently, there are no direct quotes available from Franklin Templeton’s leadership regarding the ETF listing on DTCC.
The potential financial, regulatory, or technological outcomes hinge on SEC actions. Historically, spot ETF launches impact underlying assets’ prices and inflows. Pending approval, XRP could experience notable shifts similar to previous Bitcoin and Ethereum ETF pathways.
