Franklin Templeton has amended its S-1 registration for an XRP exchange-traded fund, shortening Section 8(a) language to limit the SEC’s ability to delay effectiveness — a sign the product may be nearing approval. The update follows similar moves by Bitwise and Canary Funds as issuers pursue regulated vehicles for XRP exposure.
The proposed ETF would allow investors to gain exposure to XRP without managing private keys or on-chain custody, mirroring the structure used for Bitcoin and Ether ETFs. Franklin Templeton manages $1.5 trillion in assets and is positioning its product ahead of anticipated institutional demand.
Despite regulatory momentum, XRP’s price has dropped more than 14% in the last week amid broader market weakness. Analysts say the filing update underscores growing confidence that altcoin-based ETFs will follow the successful rollout of Bitcoin spot products. Approval would mark a milestone for XRP, which continues to navigate long-running regulatory debates in the U.S.
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