The Chicago Board Options BZX Exchange has taken a significant step toward embracing digital assets by filing for a rule change to list and trade shares of the Franklin XRP ETF. This bold move follows Franklin Templeton’s filing of an S-1 registration with the SEC focusing on XRP the fourth-largest cryptocurrency by market cap which saw its value jump 2% following the news.

XRP’s rising prominence among digital assets is evident as Franklin Templeton alongside other heavyweight asset managers pushes to diversify investment products. This initiative not only includes XRP but also other cryptocurrencies like Solana and Dogecoin each potential subjects of future ETFs under Franklin’s expansive digital asset strategy aimed at broadening investor horizons.

With Coinbase Custody managing the XRP holdings the proposed ETF promises to offer investors seamless access to XRP’s performance without the complexities of direct ownership. As the market awaits regulatory nods for various crypto ETFs experts remain optimistic about their eventual approval highlighting a pivotal shift towards diversified and regulated investment options in the crypto space.