XRP ETF Race Heats Up as Franklin, Bitwise Revise S-1 Filings
Franklin Templeton, Bitwise, and Canary Capital have all filed up to date S-1 registration statements with the Securities and Exchange Commission (SEC) in current days, intensifying the race to launch the primary U.S. spot XRP exchange-traded fund (ETF).
The filings, posted between October 31 and November 4, counsel issuers are eyeing mid-November for potential launches.
Major Asset Managers Join the XRP ETF Push
Earlier immediately, Bloomberg ETF analyst James Seyffart revealed that Franklin Templeton had submitted an amended S-1 that includes shortened “8(a)” language, an vital authorized tweak that permits a registration to take impact routinely inside 20 days, bypassing direct SEC sign-off. The prospectus, dated November 4, outlines that the Franklin XRP Trust will maintain the token as its main asset, monitoring its value efficiency.
Both Bitwise and Canary Capital made comparable filings final week, eradicating the “delaying modification” that usually lets the SEC management approval timing. According to journalist Eleanor Terrett, this transfer positions Canary’s ETF for a November 13 debut, assuming Nasdaq grants closing clearance by means of its 8-A submitting.
This strategy mirrors the technique utilized by issuers of the Solana (SOL), Litecoin (LTC), and Hedera (HBAR) ETFs final month, which launched underneath the identical automated rule regardless of components of the U.S. authorities being shut down. Those launches had been profitable, with Bitwise’s BSOL ETF even recording $56 million in first-day buying and selling quantity, the best amongst over 850 ETFs launched this 12 months.
Broader Market Implications and Investor Outlook
The anticipated XRP ETF wave comes at a time when over 150 crypto ETF filings are pending with the SEC, spanning 35 totally different digital property. The Ripple token at the moment ranks third amongst all crypto ETF targets, with round 20 separate filings, trailing solely Solana and Bitcoin.
Industry watchers say these developments present a transparent shift in regulatory tone, following the top of Ripple’s five-year authorized dispute with the SEC in August 2025. Analysts such as Nate Geraci of NovaDius Wealth Management believe XRP ETFs might “launch throughout the subsequent two weeks,” marking what he known as a “main second” for mainstream crypto investing.
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