- Franklin Templeton submitted an S-1 form to the US SEC to launch an XRP ETF.
- Altcoin ETF Momentum is growing, with rising approval opportunities for Solana, Cardano and Dogecoin ETFs.
The growing momentum around Altcoin ETFs in 2025 pushed large asset managers in the race, with Franklin Templeton becoming the latest competition.
Franklin Templeton files for XRP ETF
The company recently submitted An S-1 form at the US Securities and Exchange Commission (SEC) to launch Ripple [XRP] ETF, the expansion of his crypto-oriented offers.
This step follows the earlier submission of Franklin Templeton for a Solana [SOL] ETF and contributes to his existing Portfolio from Spot Bitcoin [BTC] and Ethereum [ETH] ETFs.
In particular, the access of the company in the XRP ETF market is amid a wave of comparable archives, a total of 17 so far, which underlines the rising institutional interest in XRP.
For those who are not aware, the Golf in Altcoin ETF requests have been particularly pronounced since President Donald Trump’s return to function, which indicates a shifting regulation landscape that seems more receptive to cryptocurrency investments.
Now that investor sentiment is constantly becoming bullisher, the competition between asset managers is reaching the growing demand for crypto ETF’s new heights.
Source: Kenny Nguyen/X
Other asset managers in the race
Franklin Templeton’s access to the XRP ETF racing places it alongside major asset managers such as 21shares, Canary Capital, Grayscale, Wisdomtree and Bitwise, all of whom have already applied for a similar offer.
From now on the US Sec has the 19B-4 files of 21Shares, Bitwise and Grayscale recognized, which they position ahead in the approval process.
That is why Franklin Templeton remains competitive, it must also submit his own 19B-4 application to the SEC, which would formally initiate the regulatory assessment.
Once confirmed, the application is recorded in the federal register, which means that the clock is set in motion for the committee to approve or reject it.
Polymarket -Trend and price promotion
That said, polymarket facts Indicates a growing optimism around the approval of a Ripple ETF in 2025, with 75% of the gamblers now predicting a positive result.
This marks an increase of 5% after the recent request from Franklin Templeton, which reverses an earlier dip in sentiment.
The wider crypto market has also become bullish, with XRP gain 3.62% in the last 24 hours – both Bitcoin and Ethereum’s daily increase.
Other Altcoin ETFs and their current status
In addition to XRP, enthusiasm remains strong for other Altcoin ETFs, with approval opportunities for one Solana ETF with 87%, Cardano ETF at 69%, and Dogecoin ETF With 68%, as a result of the growing trust of the market in the acceptance of the regulations.
This coincided with, CBOE BZX submit With American supervisors to integrate the release in the ETF of Fidelity, which indicates a growing interest in the expansion of functionality outside of traditional place.
Source: Walter Bloomberg/X
Ergo, with Altcoin ETFs who live in power, will the question remain – will they forge their own path or follow the lead of Bitcoin and Ethereum?
Credit : ambcrypto.com
