• Franklin Templeton moves closer to launching its XRP ETF after filing a key amendment with the SEC.
• Multiple issuers race to bring XRP ETFs to market as investor demand for digital assets continues rising.
• XRP products gain strong momentum with new filings and record fund growth across major financial firms.

Franklin Templeton has filed another S-1 amendment with the U.S. Securities and Exchange Commission for its proposed XRP exchange-traded fund. The firm aims to launch the product before the end of this month. The revised filing includes condensed 8(a) language, which enables automatic registration once all regulatory requirements are satisfied. 

This adjustment removes the SEC’s ability to delay the ETF’s effectiveness. Other comparable filings contributed to faster Bitcoin and Ethereum ETF approval in the first half of this year. This is seen by analysts as a tactical move to make the approval process smoother and have a quicker market launch.

Growing Competition Among Issuers

The move follows similar actions from other asset managers expanding into digital-asset ETFs. Canary Capital updated its own S-1 filing for a spot XRP ETF last week. The company also removed the delaying amendment, signaling a shared effort among issuers to quicken approvals. Canary targets a market debut around November 13. 

Bitwise has also filed its final amendment for its proposed XRP ETF. However, the SEC delayed its decision on Bitwise and Coinshares XRP ETF. The latest submission confirmed trading plans on the New York Stock Exchange and disclosed a management fee of 0.34%. These updates indicate growing competition among firms positioning themselves ahead of the expected demand for XRP-based funds.

Market Momentum Builds for XRP Products

Momentum within the XRP market continues to grow as more firms pursue related financial products. REX–Osprey’s XRPR fund recently surpassed $100 million in assets under management, marking a new milestone for the token. 

CME Group has increased the range of its XRP derivatives product by offering options contracts, as the futures product has been in high demand. These events indicate the continued interest of investors in investment vehicles using XRP. The trading activity and liquidity on XRP markets will increase as the number of institutional players increases in the space.

Broader Industry Developments Support Trend

ProShares recently filed to launch the ProShares CoinDesk Crypto 20 ETF, which tracks the CoinDesk 20 Index, including assets such as XRP and Solana. CoinShares is also moving forward with its XRP ETF application. The firm’s updated filing lists the intended ticker symbol “XRPL” in preparation for a Nasdaq listing. These filings underline a broader shift among traditional financial firms toward regulated crypto exposure. 

Analysts note that Franklin Templeton’s decision to remove the 8(a) delay clause may set a model for other issuers seeking faster approvals. If accepted, the fund could begin trading within days, marking another step in the expansion of regulated XRP investment options.

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