Franklin Templeton confirms the launch of XRP ETF this month, with the latest S-1 filing accelerating the approval process

Global asset management giant Franklin Templeton has submitted an updated S-1 filing to the U.S. Securities and Exchange Commission (SEC), planning to officially launch its XRP ETF within this month. The revision removed the “delay correction clause,” allowing the fund to automatically become effective once requirements are met, making it the second institution after Canary Capital and Bitwise to accelerate the listing of an XRP ETF.

Franklin Templeton Accelerates XRP ETF Listing Process

According to Bloomberg analyst James Seyffart, the latest amended S-1 filing from Franklin Templeton includes simplified language regarding the 8(a) clause. This change means that as long as the fund meets all requirements, the SEC can no longer delay its effectiveness, and the ETF will automatically become effective. This “de-laying” strategy has previously been used in the approval processes for Bitcoin and Ether ETFs and is viewed as a key method to speed up listings.

Other institutions are also advancing in tandem with Franklin Templeton. Canary Capital submitted an updated S-1 last week, also removing the “delay correction clause,” with plans to launch a spot XRP ETF around November 13. Their efficient filing pace is setting an example for other crypto asset issuers aiming to list on Wall Street.

Meanwhile, Bitwise has also submitted its so-called “final amendment,” confirming that the fund will be traded on the New York Stock Exchange (NYSE), with a management fee rate of 0.34%.

Institutional Interest in XRP Continues to Rise

Institutional investors’ interest in XRP is significantly increasing. REX–Osprey’s XRPR fund assets under management (AUM) have surpassed $100 million, reaching a new high for the token. The Chicago Mercantile Exchange (CME Group) has also added XRP-based options contracts due to strong demand for XRP futures.

Additionally, ProShares recently filed an application with the SEC for the CoinDesk Crypto 20 ETF, aiming to track the performance of the CoinDesk 20 index, which includes XRP and Solana. European giant CoinShares also updated its XRP ETF filing, disclosing a proposed trading code of “XRPL,” preparing for a future listing on Nasdaq.

Market Sentiment and Technical Outlook

Driven by the actions of multiple institutions, market sentiment for XRP is increasingly optimistic. Analyst ChartNerd pointed out that XRP’s current technical chart is very similar to the phase before its big pump last year, indicating a potential upward trend. Franklin Templeton’s removal of the 8(a) delay clause accelerates the ETF listing process. If the SEC faces no further obstacles, the fund could start trading within the next few days, injecting new institutional liquidity into the XRP market.

Conclusion

With heavyweight institutions like Franklin Templeton, Bitwise, Canary Capital, and CoinShares all making moves, XRP ETFs are gradually becoming a focus on Wall Street. The institutional wave and mature regulatory mechanisms may push XRP into a new price discovery phase, bringing fresh structural opportunities to the crypto market.