23 Jun 2025
📈SEC Proposes Rule Change for Franklin XRP ETF Listing
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of Franklin XRP ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC is reviewing a proposed rule change by Cboe BZX Exchange to list and trade shares of the Franklin XRP ETF, which aims to reflect the performance of XRP. The review process will assess the proposal’s compliance with legal standards and solicits public comments on potential investor protection concerns.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to list and trade shares of the Franklin XRP ETF by Cboe BZX Exchange has significant implications for businesses involved in cryptocurrency investment, trading, or related financial services, indicating a shift toward more mainstream adoption of digital assets. Stakeholders must assess compliance with regulatory requirements and investor protections as outlined by the SEC.