19 Mar 2025
📈SEC Proposes Rule for Franklin XRP Fund Listing
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To List and Trade Shares of the Franklin XRP Fund Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC has published a notice regarding a proposed rule change to list and trade shares of the Franklin XRP Fund as Commodity-Based Trust Shares. This development seeks to enhance investor access to XRP while ensuring compliance with regulatory standards, aiming to address concerns related to investor protection and market manipulation.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory notice involves a proposed rule change to list the Franklin XRP Fund as a Commodity-Based Trust Share, which has significant implications for businesses engaging with cryptocurrency. It allows for exposure to XRP in a regulated context, addressing investor protection issues and compliance with SEC regulations.