Asset manager Franklin Templeton has submitted an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch an XRP exchange-traded fund (ETF). The filing reveals that Franklin Templeton has structured the fund as a Delaware Statutory Trust with Coinbase Custody as the custodian for the fund's XRP assets. The XRP Trust's shares will be listed and traded on the Cboe BZX exchange. Ripple CEO Brad Garlinghouse reacted positively to the news. The SEC now has 240 days to decide whether to approve or deny the launch of the XRP ETF. Experts believe the SEC will acknowledge the filing, despite the ongoing SEC vs. Ripple lawsuit.



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