Franklin Templeton Joins XRP ETF Race as SEC Weighs Proposals

Financial giant Franklin Templeton, managing a staggering $1.53 trillion in assets, has officially entered the race to launch an XRP exchange-traded fund (ETF).

This move places it alongside firms like Bitwise, Canary Capital, 21Shares, Grayscale, and WisdomTree, which have already submitted similar applications.

Regulatory discussions around these proposals are gaining momentum, with the U.S. Securities and Exchange Commission (SEC) acknowledging the filings from these companies.

While this recognition is seen as an encouraging step, it remains uncertain whether the regulator will approve them.

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The SEC’s stance on cryptocurrency appears to be shifting, especially following leadership changes, but the final outcome is yet to be determined. A decision on Grayscale’s application is expected by October 18.

In a separate development, Volatility Shares has put forward its own unique XRP-related ETF proposals, including a product designed for investors looking to speculate on a decline in the token’s price.

XRP ETF Race Heats Up, While Solaxy Offers Something New

Solaxy ($SOLX) is revolutionizing blockchain technology by offering the first Layer-2 solution on Solana. This project significantly improves speed and reduces transaction fees, solving network congestion problems.

Solaxy’s advanced rollup architecture shows strong potential to optimize transaction speeds and reduce congestion-related inefficiencies on Solana. The project’s approach reduces congestion and ensures smooth execution, even during peak activity. For traders, this means faster and more reliable transactions, preventing failed swaps.

Beyond improving transaction efficiency, Solaxy is expanding interoperability between Solana and Ethereum. The $SOLX token functions as a multi-chain asset, allowing users to engage across both ecosystems. This provides access to Ethereum’s liquidity while benefiting from Solana’s speed and cost efficiency.

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Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.