Key Takeaways
- Franklin Templeton removed delay-triggering language from its XRP ETF filing.
- The move hints at a potential November 2025 launch.
- Canary Funds and Bitwise made similar updates, signaling coordinated readiness.
- Approval could expand institutional exposure to XRP.
Franklin Templeton Moves Closer to XRP ETF Launch
Franklin Templeton has updated its S-1 filing for a proposed XRP exchange-traded fund (ETF), taking a key step that signals its intent to launch within weeks. The asset management giant removed “8(a)” language — a provision known to delay regulatory effectiveness — from its filing. This strategic edit indicates the firm’s readiness to bring its spot XRP ETF to market as early as this month, aligning with a broader wave of crypto ETF activity.
Also Read: XRP ETF Buzz: Wall Street Eyes $1B Inflows as SEC Streamlines Crypto Listings
Removing the 8(a) Clause Signals Urgency
The 8(a) provision typically holds ETF applications in limbo until explicitly approved by the U.S. Securities and Exchange Commission (SEC). By removing this delaying clause, Franklin Templeton joins several other firms seeking to expedite approval and capitalize on growing institutional demand for digital asset exposure. The move also suggests confidence in the SEC’s evolving stance toward spot crypto ETFs, especially after approvals for Bitcoin and Ethereum funds earlier this year.
Ripple Effect: Other Firms Follow Suit
Franklin Templeton’s update mirrors similar filings by Canary Funds and Bitwise, both of which also removed delaying amendments in recent weeks. Bitwise has already confirmed plans to list its XRP ETF on a major exchange, reinforcing speculation that the SEC may soon greenlight multiple XRP-based products simultaneously.
Also Read: Ripple Unveils New Blockchain Guide to Transform Cross-Border Payments
The flurry of activity underscores a pivotal shift: major financial institutions are preparing to offer investors regulated access to XRP, the cryptocurrency associated with Ripple Labs, following years of regulatory uncertainty.
Market Implications and Investor Outlook
If approved, the Franklin Templeton XRP ETF could become one of the first of its kind in the U.S., potentially boosting XRP’s liquidity, visibility, and institutional adoption. The race among asset managers highlights the mounting appetite for diversified crypto ETF offerings that extend beyond Bitcoin and Ethereum.
Conclusion
Franklin Templeton’s filing update marks a decisive moment in the crypto ETF landscape. With multiple asset managers aligning for launch, the XRP ETF race could define the next phase of digital asset integration into mainstream finance.
