Asset manager Franklin Templeton has submitted its S-1 filing for an XRP ETF. Several altcoins have seen ETF filing by major firms in the last few months.

The fact that XRP has been able to recover around the $2.10 support level has given some new hope for a possible recovery. This move indicates that bearish momentum may be waning, despite the market's recent difficulties within a descending channel.

The filing's preliminary, so the SEC has up to 240 days — potentially late 2025 — to approve or deny it.

Franklin Templeton has filed for an exchange-traded fund (ETF) that will track the spot price of XRP, one of the leading cryptocurrencies.

The new Exchange-Traded Fund will be listed on Cboe BZX Exchange.

XRP has faced significant volatility in recent weeks, with price action lacking clear momentum. Altcoin struggled to maintain upward momentum as broader market conditions remained bearish.

XRP price could be on the verge of a massive breakout in April 2025, as major catalysts align for a potential surge. With $1.7 trillion asset manager Franklin Templeton joining the race for a spot XRP ETF, fresh developments in the Ripple lawsuit, and bullish technical signals flashing, Ripple looks prime for a rally that

Gains in BTC came as Senator Cynthia Lummis reintroduced the BITCOIN Act, pushing for the U.S. to scoop up 1 million BTC as a strategic reserve.

XRP price started a fresh recovery wave from the $1.90 zone. The price is now showing positive signs and might clear the $2.250 resistance zone.

The number of issuers filing applications for altcoin exchange-traded funds is increasing, with Franklin Templeton becoming the latest.

The SEC is currently reviewing spot crypto ETFs, following its approval of Bitcoin and Ethereum ETFs. Now, big names like Franklin Templeton, Bitwise, 21Shares, Canary Capital, Grayscale, and WisdomTree are all competing to launch an XRP ETF. It has started reviewing with Grayscale's application on February 14, which began a 240-day review period.

March 12, 2025 05:57:55 UTC Franklin Templeton Submits XRP ETF Application Franklin Templeton, boasting over $1.5 trillion in assets under management, has officially filed an application for an XRP ETF. The fund's XRP assets will be secured by Coinbase Custody Trust Company, ensuring robust asset protection and regulatory compliance.

The cryptocurrency market, led by Bitcoin (BTC) and Ripple Labs' XRP, experienced a mild recovery in the past 24 hours after a heavy capitulation earlier this week. In the past 24 hours, Bitcoin price gained around 2 percent to trade at about $81.6k on Wednesday, March 12, during the early Asian session.

The US Securities and Exchange Commission has delayed its decision to approve several XRP, Solana, Litecoin and Dogecoin exchange-traded funds.In a slew of filings on March 11, the agency said it has “designated a longer period” to decide on the proposed rule changes that would allow the ETFs to proceed. Among the affected ETFs are Grayscale's XRP (XRP) and Cboe BZX Exchange's spot Solana (SOL) ETF filings, with the decisions on them pushed until May.

Crypto Market Today (March 12): Bitcoin (BTC) price regained an upward trajectory after a bloodbath, briefly touching $83K as of early Asian hours on Wednesday. Major-league altcoins such as XRP, Solana (SOL), and Ethereum (ETH) have followed, surging 1%-7% intraday.

Franklin Templeton has officially filed an S-1 registration form with the SEC to launch an XRP ETF, following its earlier registration of the Franklin XRP Trust in Delaware. The firm now joins Bitwise, Grayscale, and WisdomTree in the XRP ETFs race.

Investment giant Franklin Templeton, managing $1.53 trillion in assets, has filed for an XRP exchange-traded fund (ETF), intensifying competition in the growing crypto ETF space. The firm follows smaller players like Bitwise, Canary Capital, 21Shares, Grayscale, and WisdomTree, whose proposals have already been acknowledged by the U.S. Securities and Exchange Commission (SEC).

XRP saw a strong rally, rising 11.19% to $2.1720 by 20:01 (00:01 GMT) on the Investing.com Index. This marked its biggest one-day gain since March 2.

In an interview with the Paul Barron Network, Bitwise Chief Investment Officer (CIO) Matt Hougan expressed his perspective on the long-debated regulatory battle surrounding XRP and its potential market reaction once legal uncertainties are resolved. According to Hougan, the crypto asset—long restrained by litigation—may be significantly undervalued, with the potential for a sharp market correction following a favorable resolution to its legal entanglements.

David Sacks, the White House's crypto czar, has disclosed the intentions of the Treasury Department to concentrate on increasing the value of Bitcoin, XRP, and other digital assets that the US government owns.

Grayscale's application for a spot XRP exchange-traded fund has been postponed by the U.S. Securities and Exchange Commission, which cited the need for more time to examine the proposal. According to a SEC notice published on Mar.

The SEC has delayed its decision on crypto spot ETFs, pushing back approvals for VanEck Spot Solana ETF, Canary Spot Litecoin ETF, Canary Spot Solana ETF, Canary Spot XRP ETF, Grayscale Spot XRP ETF, and Grayscale Spot Dogecoin ETF, according to court filings on Tuesday.

Growing institutional interest in XRP-spot ETFs signals shifting market sentiment. Will SEC clarity trigger a bullish breakout?

XRP continues its decline, falling 10% over the past week as bearish momentum strengthens.

Bitcoin (BTC) price is rallying the broader cryptocurrency ecosystem. This rebound is encompassing, as altcoins like XRP, Dogecoin, and Cardano have also seen their prices clear immediate resistance levels.

Franklin Templeton, one of the world's leading investment companies, has filed an S-1 form to launch an ETF based on the XRP token.

Bitcoin and other top crypto assets are rising again after getting hit hard by President Trump's tariff twists and recession fears.

The agency may delay its decision on XRP ETF applications until mid-October.

Franklin Templeton filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) on March 11, 2025, to launch the Franklin XRP ETF, a spot exchange-traded fund designed to track the price of the cryptocurrency XRP.

The SEC delayed several ETF applications today, specifically targeting those based on Solana, XRP, Litecoin, and Dogecoin. The Commission has faced recent criticism for its pro-crypto actions, and this may help buy it some time.

Bank of England was able to effectively conduct a Proof of Concept (PoC) exercise in collaboration with Ripple.

Crypto markets are rallying on Tuesday as the Bitcoin Act of 2025 is introduced in the House, proposing the acquisition of one million BTC over five years with a 20-year lockup. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $82,985.45 +5.4% Ethereum (CRYPTO: ETH) $1,951.21 +4.6% Solana (CRYPTO: SOL) $127.73 +6.6% XRP (CRYPTO: XRP) $2.19 +6.4% Dogecoin (CRYPTO: DOGE) $0.1680 +7.1% Shiba Inu (CRYPTO: SHIB) $0.00001225 +4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 49.4% and daily active addresses growing by 19.9%.

Bloomberg analysts recently estimated Litecoin ETFs have the highest chance of approval, followed by Dogecoin and Solana products.

XRP's price action and market sentiment suggest potential bullish momentum, depending on key support levels.

Franklin Templeton is planning to launch an exchange-traded fund that will track the spot price of cryptocurrency XRP, underscoring the increasing appetite of asset managers for digital assets beyond bitcoin.

Earlier this Tuesday, the U.S. Securities and Exchange Commission delayed its decision on an application by cryptocurrency asset manager Grayscale to convert its XRP trust into ETF.

Franklin Templeton is the latest asset manager to enter the XRP ETF race following its S-1 filing with the US Securities and Exchange Commission (SEC). This continues the flurry of ETF filings that have hit the Commission's desk since President Donald Trump took office.

The filing could accelerate mainstream adoption of XRP, influencing crypto market dynamics and regulatory approaches to digital asset ETFs. The post Franklin Templeton files S-1 form for XRP ETF appeared first on Crypto Briefing.

XRP price tumbled to a new 30-day low around $1.90 on Tuesday as markets continued to react to macro headwinds from U.S. trade policies. Derivatives market data suggest bear traders are shaping up to exert more influence in the days ahead.

Investment behemoth Franklin Templeton, which boasts a total of $1.53 trillion, has filed to launch an XRP exchange-traded fund (ETF).

The U.S. government's bold move to establish Bitcoin (CRYPTO: BTC) as an official reserve asset through President Donald Trump's strategic Bitcoin reserve (SBR) has thrust cryptocurrencies into the spotlight, yet stablecoins like PayPal's PYUSD and Ripple's RLUSD are faltering in their bid for market share against offshore giants like Tether's USDT. What Happened: Signed into effect on March 6, the executive order designates Bitcoin as a sovereign-grade store of value, backed by roughly 100,000 BTC from forfeited Treasury holdings, while a favorable regulatory climate has failed to ignite adoption of U.S.-based stablecoins.

Due to bearish market forces XRP maintains a position close to significant support points while facing potential short-term instability. The token price currently stays close to $2.50 but encounters growing pressure from increasing short positions while market sentiment weakens. Open Interest data has increased by 5.

Crypto analyst ElmoX has asserted that the XRP price is still bullish despite the recent crypto market crash. His analysis revealed that XRP is set to face major resistance at $2.9, although he is confident that the crypto will eventually break this resistance and rally to as high as $20.

Bitcoin at $76,867 signals a crypto correction. If BTC fails to reclaim key levels, altcoins like Solana and XRP could see deeper losses.

According to data provided by Kaiko, the realized volatility of the Ripple-linked XRP has surpassed 100% this March.

Despite market downturns, figures like Ripple CTO David Schwartz and Robert Kiyosaki advise the community to buy Bitcoin. The market is historically cyclical, and BTC has always recovered in the long term.

With XRP struggling to hold key support and Nvidia facing a sharp correction, investors are wondering which asset has the strongest upside potential.