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