The U.S. Securities and Exchange Commission (SEC) has initiated a public comment period for two proposed cryptocurrency exchange-traded funds (ETFs) from Franklin Templeton. The SEC's announcement involves the potential listing of the Franklin XRP ETF and Franklin Solana ETF on the Chicago Board Options BZX Exchange. Initial filings for these ETFs were made in March, and the SEC initially postponed its decision in April, with the new deadline pushed to July following the public comment period. The SEC noted, "Institution of proceedings does not indicate any conclusions regarding the issues involved," emphasizing the role of public input in their evaluation process.
Both the XRP and Solana ETFs are closely watched, especially as the SEC has already approved similar investment vehicles for Bitcoin and Ether. Other asset managers, including Bitwise and ProShares, are also pursuing ETF approvals for these tokens. The SEC's regulatory stance under Chair Paul Atkins, which has seen a shift from strict enforcement towards a more lenient approach, could influence the outcome of these ETFs. Notably, there is continued interest in how digital assets will fit under U.S. financial regulations moving forward, particularly with President Trump suggesting a focus on these assets in his crypto initiatives.
Both the XRP and Solana ETFs are closely watched, especially as the SEC has already approved similar investment vehicles for Bitcoin and Ether. Other asset managers, including Bitwise and ProShares, are also pursuing ETF approvals for these tokens. The SEC's regulatory stance under Chair Paul Atkins, which has seen a shift from strict enforcement towards a more lenient approach, could influence the outcome of these ETFs. Notably, there is continued interest in how digital assets will fit under U.S. financial regulations moving forward, particularly with President Trump suggesting a focus on these assets in his crypto initiatives.
