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Franklin Templeton, a financial services company with $1.6 trillion of assets under management, has officially filed a registration statement with the U.S. Securities and Exchange Commission for a spot XRP exchange-traded fund (ETF). Franklin Templeton has become the latest in a string of issuers vying to front run anticipated policy shifts to crypto under the new Trump government. Franklin Templeton Files For Spot XRP ETF After registering a trust in Delaware tied to a proposed spot XRP ETF in February, Franklin Templeton has moved forward with its plans to introduce a spot XRP ETF for US customers. The investment giant filed a form S-1 with the Securities and Exchange Commission. If approved, Franklin Templeton’s proposed fund would legitimize XRP as a mainstream investment vehicle offering a regulated option for exposure to the native token of Ripple’s XRP Ledger blockchain network. According to the Tuesday filing, the XRP ETF would trade on the CBOE BZX Exchange. Should approval be granted, Coinbase Custody would serve as the custodian for the fund’s XRP holdings, and CSC Delaware Trust Company would act as the trustee. Meanwhile, the agency has already formally accepted a handful of XRP ETF filings for review in the past few weeks — marking a key development for the world’s fourth largest crypto asset by market cap under acting chair Mark Uyeda. Approval of these XRP ETF filings could unlock massive institutional capital, amplifying demand for the cross-border payments token and pushing its price higher. At press time, XRP was trading at $2.20, reflecting a 6% jump in the last 24 hours. Flurry Of Filings Amid SEC Suit The filing follows similar moves by other asset managers, including Bitwise , WisdomTree , Canary Capital , 21Shares , Grayscale , all submitting XRP ETF proposals — injecting optimism into the market. Last year, Ripple Labs CEO Brad Garlinghouse described the approval of U.S.-listed XRP ETFs as “inevitable,” citing unprecedented demand from institutional and retail investors. Spectators say that President Trump’s reelection was a huge boon for XRP. Under former SEC boss Gary Gensler, the cryptocurrency’s regulatory status was challenged as the securities watchdog pushed forward with a lawsuit against Ripple over XRP sales. The civil lawsuit verdict, currently facing an appeal from the SEC and a cross-appeal from Ripple, included a court decision that the XRP cryptocurrency was not a security when sold to retail investors via exchanges. The SEC has yet to withdraw its Ripple suit despite recently abandoning similar, high-profile actions against companies like Coinbase, Robinhood, and Kraken.
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How to Outperform the Market with Kaspa (KAS) and Mantle (MNT)
Discover strategies to potentially beat the market with two rising cryptos: Kaspa (KAS) and Mantle (MNT) . These digital currencies show promise and may offer significant returns. This article delves into their growth potential, providing insights that could help in making informed investment decisions. Explore how these cryptocurrencies might redefine the landscape. Kaspa Price Trajectory: 6-Month Bearish Trend and Key Support/Resistance Levels Kaspa dropped nearly 23% over the last month and plunged over 60% in the past six months. The ongoing losses highlight a consistent downward trend in trading sentiment during these periods. Price action indicates persistent weakness, with traders facing decreasing momentum and prolonged selling pressure contributing to market caution. Current trading sees Kaspa moving within a range of roughly $0.058 to $0.115, with immediate support at $0.04 and resistance around $0.15. Bearish indicators are evident, marked by a low RSI of 36.50 and negative momentum signals. Traders may consider short positions near these key levels until signs of a clear reversal appear. Mantle Market Insights and Resistance Zones Mantle experienced a sharp one-month decline of about 31% while showing a recovery over the last six months with an increase of over 25%. The coin has had a week-long drop of roughly 2.3%, indicating recent volatility. Price movements ranged between approximately 50 cents and $1.13, showcasing both significant setbacks and gradual gains over a longer period. Current trading levels reveal support around $0.27 and resistance near $1.55, with further resistance noted at about $2.20. Bears appear to be in control with negative momentum and a lower moving average. The RSI near 36 hints at an oversold setup. Trading strategies may involve carefully buying near support and selling near key resistance levels, although the trend remains unclear. Conclusion Both Kaspa (KAS) and Mantle (MNT) show strong potential for significant gains. Kaspa`s unique consensus mechanism offers advantages in speed and efficiency. Mantle focuses on improving transaction costs and processing times. Analyzing these projects reveals promising technology and strong use cases. Investors might consider these coins based on their individual merits and future growth. Careful research and monitoring of market trends can provide an edge. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. ZyCrypto
Join the Colorful Challenge of Shaply and Test Your Brainpower!
Shaply challenges your brain with colorful puzzles. Enjoy simple rules and complex strategies. Continue Reading: Join the Colorful Challenge of Shaply and Test Your Brainpower! The post Join the Colorful Challenge of Shaply and Test Your Brainpower! appeared first on COINTURK NEWS . ZyCrypto
