The U.S. Securities and Exchange Commission (SEC) has officially begun proceedings to evaluate the proposed listing of two cryptocurrency exchange-traded funds (ETFs) from Franklin Templeton.
The filings involve the Franklin XRP ETF and Franklin Solana ETF, both intended for trading on the Cboe BZX Exchange.
The SEC announced on June 17 that it is opening the public comment period, inviting stakeholders to weigh in on the proposed rule changes. This follows the initial filing by Cboe BZX in March and a subsequent delay issued by the Commission in April, which extended its decision deadline.
The regulator emphasized that launching these proceedings does not imply any conclusion. “The Commission seeks and encourages interested persons to provide comments,” the filing stated, clarifying that all options—approval, disapproval, or further delay—remain open.
The Franklin XRP ETF, outlined under BZX Rule 14.11(e)(4) governing commodity-based trust shares, would allow the trading of shares backed by XRP via a trust structure. A similar filing exists for the Solana ETF.
This move signals continued institutional interest in expanding regulated investment products tied to digital assets, even as the SEC takes a cautious and consultative approach to new crypto ETFs.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/sec-opens-comment-period-on-franklin-xrp-and-solana-etfs/