Community Trust ScoreVerified
Franklin Templeton is moving rapidly to introduce its XRP exchange-traded fund (ETF) before the end of November, submitting a revised filing to the U.S. Securities and Exchange Commission (SEC) aimed at removing procedural hurdles.
The updated S-1 document eliminates the SEC’s “delaying amendment,” a clause that allows the regulator to postpone approval indefinitely. By removing this clause, the firm has positioned its ETF for automatic registration once all required conditions are satisfied, effectively shortening the review period.
According to Bloomberg ETF analyst James Seyffart, this filing approach mirrors the same strategy used earlier in 2025 for Bitcoin and Ethereum ETFs, marking a new stage in how asset managers are navigating U.S. regulatory procedures.
“Franklin Templeton is following the expedited approval model that worked for previous digital asset ETFs,” Seyffart said. “It reflects growing confidence among issuers that regulators are ready to move faster on well-structured crypto products.”
A Growing Field of XRP ETF Competitors
Franklin Templeton’s move comes as competition intensifies across the ETF landscape. Several major firms, including Bitwise, CoinShares, Canary Capital, and ProShares, have filed similar updates to speed up their own XRP ETF approvals.
-
Bitwise detailed a 0.34% management fee and plans to list on the New York Stock Exchange (NYSE).
-
CoinShares disclosed its ticker symbol “XRPL” for a future Nasdaq listing.
-
Canary Capital removed the same delaying amendment last week and is reportedly targeting mid-November for its ETF debut.
-
ProShares entered the race with a proposal tied to the CoinDesk 20 Index, which includes both XRP and Solana.
Institutional interest in XRP-based funds appears to be expanding quickly. The jointly managed XRPR fund from REX Shares and Osprey Funds recently exceeded $100 million in assets under management, reflecting strong demand among professional investors.
Adding to this momentum, CME Group has broadened its XRP derivatives lineup with new options contracts, citing robust trading activity in its futures markets.
XRP Price and Market Overview
At press time, XRP traded near $2.24, with a market capitalization of $134.7 billion, according to CoinMarketCap. Despite a 14% weekly decline, the asset remains the fourth-largest cryptocurrency globally, supported by more than $10.5 billion in daily trading volume.
The price decline has been largely attributed to profit-taking, broader market weakness, and rotation of capital into Bitcoin as its dominance climbed above 60%. However, analysts are noting signs of potential stabilization.
The Relative Strength Index (RSI) currently hovers around 36, indicating near-oversold conditions, while the MACD is approaching a bullish crossover — both suggesting that short-term selling pressure may be easing.
Industry Analysts Expect Faster Approvals
Market observers believe Franklin Templeton’s filing marks an important signal of regulatory progress for crypto ETFs in the United States. The use of pre-approved legal language that limits the SEC’s ability to delay registration could lead to a wave of rapid approvals for XRP and similar digital asset funds.
Canary Capital, which filed its own update shortly before Franklin Templeton, has indicated that it expects its ETF to become effective around November 13, setting a precedent for other issuers to follow.
This growing cluster of filings has prompted analysts to suggest that institutional interest in XRP is entering a more mature phase, where asset managers are preparing for sustained demand from both retail and professional investors.
Technical View: Signs of Oversold Conditions
From a technical standpoint, XRP’s current chart formation indicates potential for stabilization if the $2.20 zone holds. The RSI near 36 suggests that bearish momentum is weakening, while a MACD convergence may hint at the early stages of base-building.
Market analyst ChartNerd noted that XRP’s structure resembles the consolidation phase that preceded its recovery in 2024.
“The pattern looks similar to the one before last year’s rebound,” ChartNerd commented. “If ETF approvals move forward smoothly, we could see renewed buying interest in the short term.”
That said, traders remain cautious as the overall crypto market sentiment stays muted following the recent Bitcoin pullback and liquidity tightening across major exchanges.
What the ETF Race Means for XRP
Franklin Templeton’s filing reflects a broader shift within institutional finance — one where digital assets are being integrated into traditional investment frameworks with growing efficiency.
If the ETF receives timely approval, it would provide investors with a regulated and accessible way to gain exposure to XRP, potentially deepening liquidity and reinforcing Ripple’s standing in global finance.
For now, all eyes are on the SEC’s next steps. The coordinated timing of filings from multiple issuers strongly indicates that at least one XRP ETF could be approved and trading by late November if the fast-track framework functions as intended.
The Bigger Picture
The XRP ETF competition highlights how quickly traditional finance is adapting to crypto assets. After the success of Bitcoin and Ethereum ETFs, the industry appears confident that XRP is the next logical step toward broader adoption of blockchain-based investment vehicles.
Even with price volatility, the accelerating pace of institutional filings suggests that crypto ETFs are evolving from a niche concept into a mainstream financial category — one that is shaping the future of regulated digital asset exposure.
