Franklin Templeton’s XRP ETF Awaits Final Approval

Franklin Templeton’s XRP ETF has not yet received official listing approval from the NYSE as of November 24, 2025. The updated S-1 filing indicates shortened regulatory review, while XRP’s price has increased by 4.2% since the announcement.

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Franklin Templeton has updated its S-1 filing with an aim to launch a spot XRP ETF. The SEC will review the listing proposal for the New York Stock Exchange, ensuring compliance with financial regulations.

The filing designates Coinbase Custody as the custodian and CSC Delaware Trust Company as the trustee. They have shortened the 8(a) clause to fast-track SEC’s review for timely launch.

The XRP price increased by 4.2% following the announcement, indicative of investor anticipation. Broader markets showed little immediate impact, as the ETF has not commenced trading yet.

Market expects this step will boost XRP’s institutional adoption, although political and regulatory concerns remain significant in altcoin ETF approvals in the United States.

Franklin Templeton’s movement represents growing financial sector engagement with digital assets. The evolving regulatory landscape presents both opportunities and challenges for cryptocurrency-backed financial products.

Anticipated regulatory approval could influence future altcoin ETFs. Historical data from BTC and ETH ETF launches demonstrate significant market interest and trading volume increases. Such assets present regulatory focus and a potential shift in market practices.