Franklin Templeton Leads XRP ETF Race Toward November Launch

TLDR

• Franklin Templeton gears up for XRP ETF launch by November.
• Canary and Bitwise join XRP ETF race with final filings.
• SEC-ready XRP ETFs hint at crypto’s next mainstream leap.
• XRP ETFs gain traction as institutions eye regulated exposure.
• November poised to mark XRP’s entry into U.S. ETF markets.

Franklin Templeton advanced its XRP ETF plans with an updated S-1 filing that signals readiness for a November launch. The amendment removed delaying provisions, aligning with earlier Bitcoin and Ethereum ETF strategies. This step indicates the firm’s intention to bring the XRP ETF to market before the month ends.

Franklin Templeton Strengthens Position in XRP ETF Development

Franklin Templeton modified its S-1 document by removing 8(a) language that allowed the SEC to delay approval. The change accelerates the registration process and mirrors previous methods used for Bitcoin and Ethereum ETFs.The move strengthens Franklin Templeton’s position as a frontrunner in launching the first major XRP ETF.

The asset manager aims to capitalize on growing institutional demand for regulated digital asset exposure. Its updated filing represents the final phase of preparation before the SEC’s automatic approval process activates. As a result, market analysts expect Franklin Templeton to launch the XRP ETF within weeks.

The filing update highlights growing competition among firms racing to introduce XRP-linked exchange-traded funds. Franklin Templeton’s progress reflects broader industry confidence following successful approvals of spot Bitcoin and Ethereum ETFs earlier this year. Consequently, attention now shifts toward XRP as the next major digital asset to enter U.S. markets.

Canary and Bitwise Advance Parallel XRP ETF Plans

Canary Capital also filed a revised S-1 for its spot XRP ETF, removing the delaying amendment to quicken approval. The firm plans to launch around November 13, following a similar strategy adopted by Franklin Templeton. By eliminating barriers, Canary positions itself to become one of the earliest issuers in the XRP ETF segment.

Bitwise joined the competition with its fourth and final amendment for its proposed XRP ETF. The filing confirmed a 0.34% management fee and plans to trade on the New York Stock Exchange. With this, Bitwise demonstrates readiness to compete directly in the expanding XRP ETF market.

These filings underscore the accelerating pace of regulatory submissions and approvals in the digital asset space. Each firm’s update reflects growing assurance in the SEC’s evolving approach to spot crypto ETFs. Collectively, they signal a transformative period for XRP ETF products entering mainstream finance.

Expanding Market Momentum for XRP-Based Products

Institutional participation continues to grow across XRP-related instruments. The REX–Osprey XRPR fund surpassed $100 million in assets, reflecting increasing market traction for XRP exposure. Similarly, CME Group expanded its XRP derivatives by launching new options contracts to meet strong demand.

CoinShares recently revised its own XRP ETF filing and introduced the ticker symbol “XRPL” for a Nasdaq listing. The move adds another contender to the expanding lineup of XRP-focused exchange-traded products. Moreover, ProShares introduced the CoinDesk Crypto 20 ETF, which includes XRP among other top digital assets.

As filings multiply, anticipation mounts for SEC approval of the first U.S. XRP ETF. Franklin Templeton’s leadership, combined with parallel efforts from competitors, suggests an imminent launch window. November may mark the start of regulated XRP ETF trading, bridging traditional finance and blockchain markets.

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