Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

$1,500,000,000,000 Asset Manager Franklin Templeton Files for XRP ETF

The asset management titan Franklin Templeton hopes to launch an exchange-traded fund (ETF) that will track the price of the fourth-largest cryptocurrency by market cap. On Tuesday, the financial services firm with $1.5 trillion in assets under management (AUM) submitted an S-1 registration to the U.S. Securities & Exchange Commission (SEC) to launch the Franklin XRP ETF. The filing says the shares of the proposed ETF will reflect the price performance of XRP and will be listed and traded on the Cboe BZX Exchange. “The Shares are intended to offer a convenient means of making an investment similar to an investment in XRP relative to acquiring, holding and trading XRP directly on a peer-to-peer or other basis or via a digital asset platform.” The fund is designed to be a passive investment vehicle and not a leveraged product. “The Sponsor does not sell XRP at times when its price is high or acquire XRP at low prices in the expectation of future price increases. The Fund will not utilize leverage, derivatives or similar instruments or transactions in seeking to meet its investment objective.” The New York-based Coinbase Custody Trust Company, which provides cold storage for third-party investors’ crypto assets, will be the custodian of the fund’s XRP holdings. XRP is currently trading for $2.23, up by 2.05% over the past 24 hours. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post $1,500,000,000,000 Asset Manager Franklin Templeton Files for XRP ETF appeared first on The Daily Hodl . CoinOtag

---

U.S. Treasury Engages Anchorage Digital on Best Practices for Safeguarding National Bitcoin Reserve

Amid heightened interest in digital assets, Anchorage Digital is guiding U.S. officials on the complexities of securing a national Bitcoin Reserve. This week, executives from top cryptocurrency custody firms, including CoinOtag