Franklin Templeton’s XRP ETF Play: Could This Be The Crypto Launch That Changes Everything This Month?

Franklin Templeton’s XRP ETF Play: Could This Be The Crypto Launch That Changes Everything This Month?

Ever wondered what happens when a giant like Franklin Templeton decides to fast-track an XRP ETF launch? Well, it’s happening—and fast. They’ve just trimmed down their regulatory filing by removing the pesky 8(a) hold-up language that can stall approvals. This isn’t just a tweak; it’s a bold move signaling they’re aiming to roll out their XRP spot ETF this very month. And Franklin Templeton isn’t alone—others like Canary Funds and Bitwise are racing to hit the market as regulatory fog begins to clear. So, is the floodgate finally opening for spot crypto ETFs? If you’ve been watching this space, you know how momentous this could be for the crypto ecosystem and institutional investors alike. Buckle up, because the XRP ETF saga is heating up! LEARN MORE

Major asset managers race to bring XRP ETFs to market as regulatory hurdles are increasingly addressed and launch timelines accelerate.

Franklin Templeton updates XRP ETF filing, aiming for launch this month

Photo: Franklin Templeton

Key Takeaways

  • Franklin Templeton updated its S-1 filing for a proposed XRP spot ETF, removing 8(a) language that could delay approval.
  • This signals the firm’s aim to launch the XRP ETF within this month.

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Franklin Templeton, an asset management firm advancing spot crypto ETF filings, updated its S-1 filing for an XRP ETF, a proposed spot exchange-traded fund tracking the XRP cryptocurrency, by removing 8(a) language that could delay regulatory approval. The move signals the firm’s intention to launch the product this month.

The 8(a) provision in ETF filings can postpone effectiveness pending regulatory approval. By removing this language, Franklin Templeton joins other asset managers positioning for potential XRP ETF launches.

Canary Funds recently updated its S-1 filing for an XRP spot ETF by removing a delaying amendment, aiming for a launch pending exchange approval. Bitwise confirmed plans for its XRP ETF to list on a major exchange, signaling readiness for a potential near-term debut.

Multiple asset managers have pending XRP ETF applications under SEC review, reflecting growing interest in spot crypto products.

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