SEC Opens Public Comment Period for Franklin Templeton’s XRP and SOL ETF Proposals
The US Securities and Exchange Commission (SEC) has initiated a public comment period for two proposed cryptocurrency exchange-traded funds (ETFs) from Franklin Templeton. These ETFs would track XRP and Solana (SOL), two prominent digital assets. The SEC extended its decision deadline to late July, noting this procedural step doesn’t reflect any preliminary judgment on the proposals.
SEC’s Evolving Approach to Crypto ETFs
Through separate filings, the SEC began proceedings that could enable the Chicago Board Options BZX Exchange to list shares of the Franklin XRP ETF and Franklin Solana ETF. This development comes as multiple asset managers seek to expand crypto investment options beyond Bitcoin and Ethereum products.
Key Details About the ETF Proposals
- Public comments accepted until late July deadline
- SEC emphasizes this is a standard procedural step
- No indication of the Commission’s current position
Regulatory Landscape Under Chair Atkins
The SEC has modified its digital asset oversight under Chair Paul Atkins, including dropping several enforcement actions against crypto firms. These changes suggest potential shifts in how the agency evaluates cryptocurrency-related financial products.
