XRP News Today: XRP ETFs Close to Getting Approved as Companies Overcome SEC Obstacles

Franklin Templeton, a leading global asset management firm, has made a significant move toward introducing its

exchange-traded fund (ETF) by amending its S-1 registration to eliminate the "8(a)" delay provision. This clause typically gives the U.S. Securities and Exchange Commission (SEC) the ability to defer approval, as reported by . By removing this procedural barrier, Franklin Templeton is signaling its readiness to potentially launch the ETF within this month, aligning with the broader industry momentum to introduce XRP ETFs as regulatory guidelines become clearer. The 8(a) clause, which usually allows the SEC to halt an ETF’s effectiveness until it grants approval, has now been removed, meaning the fund can automatically go live once all requirements are satisfied, according to .

This approach follows the path taken by

and ETF providers earlier this year, who also dropped the 8(a) clause to speed up the approval process. Franklin Templeton’s decision reflects increasing optimism that the SEC will permit XRP-related offerings, especially as crypto ETF regulations become more established and institutional interest in digital assets grows, as noted by Cryptopolitan. Managing assets exceeding $1 trillion, the company already has Bitcoin and Ethereum ETFs in its portfolio, highlighting its growing commitment to cryptocurrency investments, according to Cryptopolitan.

Franklin Templeton is not the only firm moving quickly. Other players like Bitwise and Canary Funds have also updated their S-1 documents recently. Bitwise has announced that its XRP ETF will be listed on the New York Stock Exchange with a management fee of 0.34%, a detail usually included just before launch, according to a

. Canary Funds has similarly withdrawn its own delay amendment and is targeting a mid-November launch, pending exchange approval, as reported by Cryptopolitan. These actions indicate a collective industry push to leverage a supportive regulatory landscape and address investor interest in regulated XRP investment options.

The possibility of XRP ETF approval has already led to speculation about price trends. Bill Morgan, a lawyer who supports XRP, expects a gradual increase in XRP’s price after the ETF launches, predicting it could return to the $3 mark, according to a

. Past examples, such as Hedera’s 18% price jump after its ETF introduction, add to the positive outlook, CoinPedia reported. Analysts believe XRP ETFs could mirror the success of Bitcoin ETFs, which saw substantial inflows soon after their debut, by providing both individual and institutional investors with a simple, custody-free way to gain exposure to XRP’s price movements, as observed by Cryptopolitan.

The SEC’s changing approach to crypto ETFs remains a key issue. While the agency has approved Bitcoin and Ethereum ETFs, it continues to closely examine XRP applications due to its ongoing legal dispute with Ripple Labs. However, the recent resolution between Ripple and the SEC has removed a major barrier, and some experts believe the first XRP ETF could be approved by mid-November, CoinPedia reported. If this happens, it would represent a major milestone in integrating cryptocurrencies into mainstream finance, broadening access to one of the most actively traded digital assets and boosting institutional trust in crypto, according to a

.