Summary
- It reported that Franklin Templeton's proposed XRP ETF has been registered with the U.S. Depository Trust & Clearing Corporation (DTCC) under the ticker 'XRPZ'.
- DTCC registration is a procedure separate from the Securities and Exchange Commission (SEC) review, and the move was described as a technical and administrative preparatory step for ETF trading.
- The market said that if Franklin Templeton receives SEC approval, it expects the XRP ecosystem's entry into the institutional mainstream to accelerate.
The XRP exchange-traded fund (ETF) being pursued by Franklin Templeton has been registered with the U.S. Depository Trust & Clearing Corporation (DTCC) under the ticker 'XRPZ'.
On the 7th (local time), foreign media reported that Franklin Templeton listed the ticker with the DTCC as part of the trading-preparation procedures for its XRP spot ETF. DTCC (Depository Trust & Clearing Corporation) registration is separate from the Securities and Exchange Commission (SEC) review process and does not guarantee listing approval.
This move is interpreted as a technical and administrative preparatory step for ETF trading. In the market, amid growing expectations for spot ETFs following Bitcoin (BTC) and Ethereum (ETH), observers say that if Franklin Templeton receives SEC approval, the XRP ecosystem's entry into the institutional mainstream could accelerate.
JH Kim
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