Franklin Templeton eyes launch of crypto ETP in Europe

• Franklin Templeton explores ETP.
• Europe crypto market in focus.
• Growing institutional demand.

Franklin Templeton, the $1,6 trillion asset management giant, is exploring the possibility of launching a cryptocurrency exchange-traded product (ETP) in Europe, according to a report. by the ETF Stream.

According to the publication, a spokesperson for the company highlighted that plans for the product are not immediate. However, the company stressed that it is actively monitoring the evolution of the regulatory landscape in the region. The asset manager seeks to create products that meet the demands of its clients, constantly exploring opportunities for innovation in asset classes.

The spokesperson explained to the report that Franklin Templeton is “observing and monitoring the evolution of the regulatory framework in Europe and elsewhere to create the cryptocurrency products that best meet the demands of our customers.”

“We are constantly exploring the possibility of launching innovative products across all asset classes,” he added.

Franklin Templeton’s potential entry into the European cryptocurrency ETP market represents a strategic move to capitalize on the growing institutional demand for digital assets in the region. The financial giant’s decision to consider launching such a product in Europe reflects the growing interest in digital assets from traditional asset managers.

Franklin Templeton Files XRP ETF Application with SEC

Renowned asset manager Franklin Templeton presented an audacious plan recently. The company aims to launch an ETF (exchange-traded fund) exclusively dedicated to XRP, the fourth-largest cryptocurrency in terms of market capitalization, as revealed in a recent S-1 filing with the U.S. Securities and Exchange Commission (SEC).

According to the document, the Franklin XRP ETF’s main purpose is to mirror the price performance of XRP. The shares of the proposed fund will be listed and traded on the renowned Cboe BZX Exchange. The intention is clear: “The Shares are intended to provide a convenient means of making an investment similar to an investment in XRP with respect to acquiring, holding, and trading XRP directly on a peer-to-peer or other basis or through a digital asset platform.”