XRP News Today: Franklin's XRP ETF Nears Launch as Crypto Gains Institutional Momentum

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XRP News Today: Franklin's XRP ETF Nears Launch as Crypto Gains Institutional Momentum

Bitget-RWA2025/11/07 16:14

By:Bitget-RWA

- Franklin Templeton's XRP ETF (XRPZ) nears launch after DTCC listing, signaling regulatory readiness but no SEC approval yet. - The ETF uses an "8(a)" provision for automatic approval after 20 days, a strategy adopted by other crypto ETFs to bypass delays. - Growing institutional and retail interest in XRP ETFs is evident, with existing products like XRPR and XRPH11 attracting significant AUM. - Market momentum and industry coordination could lead to approvals by late November, pending SEC actions and sta

Franklin Templeton's

XRP

ETF (XRPZ) has moved closer to a potential launch after appearing on the Depository Trust & Clearing Corporation (DTCC) website, indicating preparations for regulatory review and a possible rollout in the near future. The DTCC listing, which was verified on November 7, is a routine part of the process for new ETFs but does not represent official approval from the U.S. Securities and Exchange Commission (SEC)

listed on DTCC

. This step is consistent with a broader trend in the industry, as several crypto-focused ETFs have recently adopted more efficient methods to accelerate regulatory processes.

XRP News Today: Franklin's XRP ETF Nears Launch as Crypto Gains Institutional Momentum image 0

Franklin Templeton has also submitted an

amended Form S-1

application for the XRP ETF, featuring an "8(a)" clause that would allow the ETF to go live automatically after 20 days unless the SEC objects. This approach, previously utilized by

Solana

(SOL),

Litecoin

(LTC), and

Hedera

(HBAR) ETFs, has enabled these funds to receive swift regulatory clearance. Should it be approved, the XRPZ ETF will mirror the performance of XRP and

list on the Cboe BZX Exchange

, with the trust directly holding XRP tokens as its core asset.

This ETF proposal is part of Franklin Templeton’s larger push into the crypto sector, which already includes

Bitcoin

(EZBC) and

Ethereum

(EZET) spot ETFs, as well as ventures into tokenized assets. The company, which oversees more than $1.5 trillion in assets, recently introduced Hong Kong’s first tokenized money-market fund in partnership with HSBC and OSL Group. This expansion strategy is similar to moves by rivals like Grayscale Investments, which

filed its second amendment

for an XRP ETF and appointed key management and legal advisors.

Interest in XRP ETFs is rising, as shown by products such as the REX-Osprey XRP ETF (XRPR) and Hashdex Nasdaq XRP ETF (XRPH11), both of which have attracted substantial assets. The REX-Osprey ETF reached over $100 million in assets under management within five weeks of its September debut, while the Hashdex ETF in Brazil has drawn about 7.17 billion Brazilian reais ($1.33 billion) from more than 300,000 investors. These numbers highlight the increasing demand for XRP-based investment options among both institutions and individual investors.

The regulatory environment is still evolving, with SEC approval timelines and market dynamics playing pivotal roles. Recent government shutdowns have added unpredictability, but successful launches like Bitwise’s BSOL ETF—which saw $56 million in trading volume on its first day—show that crypto ETFs can thrive when given the green light. Experts believe that Franklin Templeton’s strategy, along with industry collaboration, could result in approvals by late November, depending on SEC decisions and market conditions.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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