Franklin Templeton has joined the growing list of firms seeking SEC approval for an XRP-based exchange-traded fund (ETF) in the U.S. Despite the increasing interest, BlackRock has not yet participated in the XRP ETF filings.

As of March 12, companies like Bitwise, ProShares, and 21Shares are among the nine entities that have submitted applications to the SEC. Notably, Bitwise was the first to file a Form S-1 for an XRP ETF in October 2024.

Canary Capital, 21Shares, and ProShares followed, with various filings between late 2024 and early 2025. European firm CoinShares and Florida-based Volatility Shares also entered the race with multiple ETF product filings.

Some asset managers like REX-Osprey and Tuttle Capital Management are including XRP in broader crypto ETF products, diversifying their portfolios to cover various digital assets.

The pursuit of XRP ETFs highlights the broader adoption of cryptocurrencies, though major asset managers like BlackRock and others have yet to announce plans to engage in XRP-based offerings.