New XRP ETF Just Dropped, But Will Anything Be Different This Time?
Asset administration agency Franklin Templeton not too long ago submitted an amended S-1 submitting to the SEC for its pending spot XRP exchange-traded fund (ETF), the Franklin XRP Trust. The modification, dated November 4, 2025, contains one key regulatory distinction from earlier variations that might doubtless have an effect on the approval course of for the XRP ETF.
What’s Different About Franklin Templeton’s New XRP ETF Filing
ETF analyst James Seyffart shared the update on X (previously Twitter), highlighting the elimination of the 8(a) delay clause, which usually offers the SEC management over when a submitting turns into efficient. Usually, when an issuing agency information for an ETF, it contains what’s referred to as a “delaying modification.” This clause grants the SEC the authority to find out the precise time the submitting takes impact. Franklin Templeton employed that normal wording in its earlier filings, together with the preliminary submission on March 11, 2025, and a subsequent modification on August 22, 2025.
The newest submitting, nonetheless, shortens that delaying situation. Instead, it states that the registration “shall hereafter change into efficient in accordance with the provisions of part 8(a) of the Securities Act of 1933.” Under this rule, the Franklin spot XRP ETF registration routinely turns into efficient 20 days after submitting, until the SEC intervenes.
The Franklin XRP Trust will primarily hold XRP as its major asset and monitor the token’s market value, with Coinbase Custody managing asset storage and BNY Mellon overseeing money holdings. The belief seeks a list on the Cboe BZX Exchange, adopting a construction just like different not too long ago permitted crypto ETFs.
A Growing Trend Of Fast-Tracked Crypto ETF Filings
Franklin Templeton’s replace isn’t occurring in isolation. Other asset managers, together with Bitwise and Canary Funds, have additionally made related modifications to their S-1 filings for XRP ETFs in current weeks, reducing again on the delay wording that sometimes permits the SEC to set the launch timeline.
The rising collection of S-1 modifications demonstrates how these ETF issuers are reclaiming management over the timing of XRP ETF approvals. Journalist Eleanor Terrett highlighted this trend on X, noting that it has change into extra frequent for the reason that US authorities shutdown in October. During that period, the SEC’s evaluation course of slowed, prompting many asset managers to make use of the timing rule to expedite their filings.
The issuing corporations may be utilizing the same “fast-track” rule that helped different spot crypto ETFs resembling Solana (SOL), Litecoin (LTC), and Hedera (HBAR) launch final month. By shortening the delay provision, Franklin Templeton’s XRP ETF now follows the identical accelerated path and will obtain approval earlier than the tip of November.
While the SEC can nonetheless intervene, this variation signifies that XRP ETF issuers are gaining extra management over approval timing by adopting faster pathways, signaling that this time, issues may certainly be completely different.
