Summary
- Franklin Templeton's spot XRP (XRP) ETF said it meets NYSE Arca listing requirements.
- The ETF's annual management fee is 0.19%, and fees will be waived for the initial $5 billion through May 31, 2026.
- If the SEC approves the product, Franklin Templeton will enter the spot XRP ETF market.
The New York Stock Exchange Arca (NYSE Arca) has said that Franklin Templeton's spot XRP exchange-traded fund (ETF) 'XRPZ' meets listing requirements and has filed related documents with the Securities and Exchange Commission (SEC).
On the 24th (local time), according to CryptoBriefing, XRPZ met NYSE Arca's listing requirements, and the ETF's annual management fee was reported to be 0.19%. Franklin Templeton plans to waive fees for the initial $5 billion through May 31, 2026.
If the product receives SEC approval, Franklin Templeton will enter the spot XRP ETF market.
Suehyeon Lee
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