Franklin Templeton and Grayscale Investments have submitted amended filings to the US Securities and Alternate Fee for his or her proposed XRP exchange-traded funds.
Franklin Templeton eliminated regulatory language that might delay approval, signaling readiness for a possible launch this month. In the meantime, Grayscale filed its second modification, designating key executives and authorized counsel.
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Franklin Templeton Removes Delaying Language
Franklin Templeton up to date its S-1 registration assertion by eliminating the 8(a) provision. This regulatory clause can postpone the effectiveness of an ETF submitting pending SEC approval.
This aligns with market hypothesis for potential November launches, primarily based on noticed SEC approval timelines for related merchandise.
🚨 🚨 BREAKING NEWS
Franklin Templeton simply filed new modification S-1/A for Spot XRP ETF with SEC (20 days automated approval). 📃 🪙 💰 🇺🇸 #XRP #RLUSD #XRPETF 💎 💎 💎 💎 💎 💎 💎 💎 💎 💎 pic.twitter.com/gQH4sj8NQw
— Kenny Nguyen (@mrnguyen007) November 4, 2025
Franklin Templeton has established itself as an lively participant within the cryptocurrency ETF market. The agency beforehand launched the EZBC (Bitcoin) and EZET (Ethereum) spot ETFs, which collectively attracted over $500 million in institutional capital inside their first quarter. Franklin Templeton manages over $1.5 trillion in property globally, which is over 40 instances bigger than Grayscale’s reported property below administration (AUM).
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Grayscale Information Second Modification
Grayscale Investments submitted its second modification (Modification No. 2) to its Kind S-1 on November 3. The submitting lists Edward McGee as Chief Monetary Officer and names Davis Polk & Wardwell LLP as authorized counsel for its proposed Grayscale XRP Belief.
The agency efficiently reworked its GBTC (Bitcoin) and ETHE (Ethereum) trusts into spot ETFs following regulatory approval in January 2024. Grayscale manages roughly $38 billion in digital asset merchandise. It has established operational frameworks for navigating advanced SEC assessment processes.
The XRP Belief modification follows this established conversion pathway. It builds on operational frameworks developed by way of earlier product launches. Davis Polk & Wardwell LLP has represented Grayscale in prior cryptocurrency ETF functions, offering continuity within the regulatory navigation course of.
Regulatory Surroundings and Market Context
The amended filings mirror rising institutional momentum as a number of asset managers pursue XRP ETF approvals concurrently. Canary Funds and Bitwise have additionally not too long ago modified their filings to take away delaying amendments. This means coordinated preparation for potential launches throughout the business.
The SEC’s assessment course of examines custody constructions, market surveillance preparations, and compliance frameworks. These components stay central to digital asset oversight.
Approval choices will form institutional entry to XRP and set up precedents for future cryptocurrency funding merchandise within the US market. The outcomes might probably open pathways for added altcoin-based ETFs past Bitcoin and Ethereum.
