- Franklin Templeton updates XRP ETF filing with shortened 8(a) language for faster approval.
- Canary Capital and Bitwise join Franklin Templeton in accelerating XRP ETF launch plans.
- Analysts project multiple XRP ETFs could debut by mid-November amid rising market competition.
Franklin Templeton has advanced its plans for a spot XRP exchange-traded fund (ETF) by filing an updated S-1 registration. The new filing includes shortened 8(a) language designed to enable automatic registration once requirements are fulfilled. This adjustment positions the firm for a potential market launch later this month, according to analysts.
Franklin Templeton Revises XRP ETF Filing for Faster Launch
Franklin Templeton submitted its revised XRP ETF S-1 with condensed 8(a) language, according to Bloomberg analyst James Seyffart. This modification removes the “delaying amendment” that previously allowed the U.S. Securities and Exchange Commission (SEC) to postpone effectiveness. The update gives the ETF automatic registration once all conditions are met, expediting the approval process.
Seyffart stated that Franklin Templeton is “looking to launch [its XRP ETF] this month,” signaling a near-term debut. The firm joins a growing list of issuers employing the same approach used for earlier Bitcoin and Ethereum ETFs to avoid regulatory bottlenecks.
Crypto journalist Eleanor Terrett confirmed that Franklin Templeton now aligns with Canary Capital and Bitwise, both of which recently amended their filings. These updates indicate a coordinated effort across issuers to accelerate ETF listings during the current U.S. government shutdown. The shutdown has slowed SEC operations, prompting companies to rely on the auto-effective mechanism to maintain progress.
Industry Momentum Builds as Multiple XRP ETFs Near Approval
ETF expert Nate Geraci recently projected that several spot XRP ETFs could debut within two weeks, targeting mid-November. Canary Capital’s updated S-1 automatically becomes effective 20 days after filing, placing its expected launch near November 13. The firm used a similar method for its Litecoin and Hedera products, both of which successfully launched.
Bitwise also filed what analysts call its “final amendment,” confirming that its XRP ETF will trade on the New York Stock Exchange with a 0.34% management fee. The coordinated filings from Franklin Templeton, Canary Capital, and Bitwise mark a clear industry trend toward faster ETF deployment.
With more issuers, including Grayscale, 21Shares, and WisdomTree, expected to follow, analysts anticipate rising competition in the XRP ETF market. The first U.S. XRP ETF by REX Osprey, launched in September, has already accumulated over $105 million in assets. Industry forecasts suggest combined inflows into upcoming XRP ETFs could surpass $10 billion within months of trading.
