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Investment behemoth Franklin Templeton, which boasts a total of $1.53 trillion, has filed to launch an XRP exchange-traded fund (ETF).
It has joined the XRP ETF race after such smaller players as Bitwise, Canary Capital, 21Shares, Grayscale, and WisdomTree.
As reported by U.Today, the U.S. Securities and Exchange Commission (SEC) has already acknowledged the proposals from the aforementioned firms.
Meanwhile, Volatility Shares has also filed to launch more exotic XRP ETF products, with one of them making it possible to bet against the price of the token
The price of XRP has spiked by more than 5% over the past 24 hours, according to CoinGecko data