Franklin Templeton Set for XRP ETF Launch this Month Following Fresh S-1 Filing

Michael Adeleke
3 hours ago
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Franklin Templeton’s latest S-1 amendment clears a major hurdle for its XRP ETF,

Highlights

  • Franklin Templeton has filed an S-1 with the SEC for its upcoming XRP ETF.
  • The update enables automatic registration once requirements are met.
  • This follows moves from Canary Capital and Bitwise.

Franklin Templeton has filed another S-1 amendment with the U.S. SEC for its XRP ETF. The company plans to launch the product before the end of the month.

Franklin Templeton Updates XRP ETF Filing

Franklin Templeton has filed a revised S-1 that includes condensed 8(a) language for its XRP fund, according to Bloomberg analyst James Seyffart. This important change allows for automatic registration once all requirements are met.

This step takes away the SEC’s ability to delay the effectiveness of the ETF. It is a tactic other crypto issuers have utilized to expedite approvals for Bitcoin and Ethereum ETFs earlier this year.

This comes after several other issuers have recently advanced their plans. For instance, Canary Capital also filed an updated S-1 for its spot XRP ETF last week. They are also targeting a market debut around November 13. 

Like Franklin Templeton, Canary removed the “delaying amendment” that had prevented automatic approval. The firm’s recent track record has set a precedent for other issuers looking to bring digital-asset ETFs onto Wall Street through strategic filings.

Meanwhile, Bitwise has also filed what analysts describe as its “final amendment” for its proposed XRP ETF. The company’s fourth submission confirmed the fund will trade on the NYSE and carry a management fee of 0.34%.

Institutional Interest in XRP Gains Traction

Momentum continues to build for the Ripple coin-based investment products. The REX–Osprey’s XRPR reached over $100 million in assets under management, setting a new record for the token. Also, CME Group expanded its XRP derivatives by introducing new options contracts due to strong demand for its futures product.

ProShares also filed recently to introduce the ProShares CoinDesk Crypto 20 ETF, a fund aimed at tracking the performance of the CoinDesk 20 Index, which would track assets like XRP and Solana. 

Meanwhile, CoinShares is also pushing forward with its own XRP ETF plans. The company recently updated its filing with the SEC to include the intended ticker symbol “XRPL” as it prepares for an eventual listing on Nasdaq.

With these developments, experts have started to make bullish predictions for the token. ChartNerd, in one of his recent posts, indicated that the coin’s chart at the moment looks like it was before its rally last year.

The removal of the 8(a) delay clause is a strategic move by Franklin Templeton to speed up its approval timeline. If effective, the ETF will start trading in the coming days.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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