Formal discussions are now underway for the proposal put forth by the Cboe BZX Exchange. This ETF, if approved, would empower Franklin Templeton to initiate an ETF that contains actual XRP, akin to how Bitcoin ETFs currently hold real Bitcoin. The ETF strategy involves engaging Coinbase Custody Trust for token storage and tracking the price using the CF Benchmark CME XRP-Dollar Index. The listing would be on Cboe’s BZX Exchange, adhering to the same regulations as other commodity-based trusts.

However, the SEC isn’t rushing into anything. It has transitioned into the “Order Instituting Proceedings” phase, which essentially means a thorough investigation. The SEC will collect data and opinions to clarify key issues: Will the XRP ETF safeguard investors? Can it ward off market manipulation? Does it comply with legal standards?

The review procedure, which commenced in March 2025, is set to conclude on September 9, 2025. By this date, the SEC will likely have made a decision, either giving the ETF the go-ahead or rejecting it.

Intriguingly, the SEC is actively soliciting public opinions, particularly on whether the XRP market is advanced enough to accommodate an ETF without any price manipulation or uneven trading practices. If the SEC approves, it could be a significant breakthrough for XRP.

At present, XRP is trading at approximately $2.12, up by 4.14% in the last 24 hours.

The post Anticipation Builds for SEC’s Decision on XRP ETF by September appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

According to a wave of regulatory documents, these firms updated their S-1 filings, a registration statement necessary for an ETF to get SEC approval for public trading. Fidelity also submitted its Solana Fund S-1, marking the company’s first S-1 filing for a spot Solana ETP, as confirmed by an industry insider.

Just this week, it was reported that the SEC had asked several potential Solana ETF issuers to update their S-1s. Eric Balchunas, a Bloomberg ETF analyst, suggested this could mean the agency is more likely to approve some of these products, estimating a two to four-month timeline for spot SOL ETFs to launch.

The SEC reportedly asked issuers to revise the language around in-kind redemptions and their staking approach. Lobbyists have been pushing for the approval of Ethereum and Solana staking ETFs, which would allow holders to earn staking yield. VanEck included staking in its proposed Solana ETF in its revised statement.

While the SEC has greenlit spot Bitcoin and Ethereum ETFs as well as some mixed crypto-equity funds, it has shown reluctance towards approving products that follow alternative tokens, despite numerous filings for products like Avalanche, Dogecoin, and Hedera funds. The agency recently postponed decisions on several such products and solicited public opinion.

Experts suggest that Solana stands a better chance of approval under a more amenable SEC administration, especially considering the recent listing of SOL futures by CME, a step not essential but generally viewed as advantageous in the ETF listing process.

ETF issuers like VanEck and 21Shares have urged the SEC to adhere to its typical “first-to-file approach,” which approves product proposals on a first-come, first-serve basis.

The post ETF Issuers Indicate Possible Solana Listing with Recent S-1 Filings appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

A Tuesday press release detailed that the novel “Intraday Yield” feature lets investors accumulate yield equivalent to the duration they retain a tokenized security. This holds true even if the tokenized security is transferred before the day concludes. Moreover, investors can amass yield on non-business days, inclusive of weekends and public holidays.

This cutting-edge functionality will be incorporated into Benji, Franklin Templeton’s tokenization platform. The firm expressed that this could potentially enhance the cryptocurrency sector’s existing model of yield calculation over extended periods. A spokesperson for Franklin Templeton commented, “Intraday Yield is aimed at addressing a long-standing inefficiency in conventional finance: the inflexible and delayed nature of yield calculation and distribution.”

The yield varies in its calculation intervals depending on the asset class. Although it is generally presented in annual terms, payouts can be scheduled in regular increments. In certain scenarios, larger yields may be linked to holding the asset for a more extended duration.

Franklin Templeton is the force behind one of the largest tokenized treasury funds, with approximately $750 million in total assets under its Franklin OnChain U.S. Government Money Fund.

The tokenization of real-world, yield-bearing assets such as US Treasurys, corporate bonds, and individual company equities is gaining traction. As per data from RWA.xyz, the market capitalization of tokenized assets escalated to $23.14 billion on June 9, an uplift from $15.75 billion at the beginning of the year, marking a 46.92% surge year to date.

Other asset managers endorsing tokenized funds include BlackRock and VanEck. Together, these two firms manage more than $2.94 billion in tokenized Treasurys as of June 9.

The post ‘Intraday Yield’ for Tokenized Assets Launched by Franklin Templeton on Benji Platform appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.