Franklin Templeton Names Coinbase Custody for Proposed XRP ETF with November 18 Launch Target

Franklin Templeton has appointed Coinbase Custody as custodian for its proposed spot XRP exchange-traded fund, according to a prospectus filed with the U.S. Securities and Exchange Commission. The asset manager, which oversees approximately $1.6 trillion, said the product is scheduled to begin trading on November 18, pending regulatory approval. The fund would trade on Cboe BZX Exchange and use the CME CF XRP-Dollar Reference Rate for net asset value calculations.