Key takeaways
- Franklin Templeton has updated its S-1 filing for its proposed XRP Spot Fund, removing 8(a) language that could delay approval.
- This indicates the company’s goal to launch an XRP ETF within this month.
Share this article
Franklin Templeton, an asset management firm that develops spot cryptocurrency ETFs, has updated its S-1 filing for the XRP ETF, a proposed spot exchange-traded fund tracking the cryptocurrency XRP, by removing 8(a) language that could delay regulatory approval. This step indicates the company’s intention to launch the product this month.
Provision 8(a) in the ETF’s filings could defer its effectiveness pending regulatory approval. By removing this language, Franklin Templeton joins other asset managers planning potential XRP ETF launches.
Canary Funds recently updated the S-1 filing of its XRP Spot XRP Fund by removing the delay amendment, with the aim of launching it pending exchange approval. Bitwise has confirmed its plans to list its XRP ETF on a major exchange, signaling preparations for a potential debut in the near term.
Several asset managers have pending XRP ETF applications under SEC review, reflecting growing interest in spot cryptocurrency products.
