The institutional gates are about to swing wide open for XRP! In a major strategic move, Franklin Templeton has filed a revised S-1 amendment for its spot XRP ETF, a clear signal that the XRP ETF approval is imminent.
XRP ETF Approval Race Heats Up as Franklin Templeton Files Crucial Update
This isn’t just another routine filing; it’s a masterstroke that includes condensed 8(a) language, effectively removing the SEC’s power to delay the fund’s registration. This tactical filing mirrors the exact playbook used to fast-track the Bitcoin and Ethereum ETFs earlier this year, setting the stage for a potential launch before the end of November.
The Competitive Rush to Launch an XRP ETF
Franklin Templeton isn’t alone in this race; they’re part of a full-blown institutional stampede. Canary Capital also filed an updated S-1 last week, targeting a market debut as early as November 13. Similarly, Bitwise has submitted what analysts call its “final amendment,” confirming a 0.34% fee and a NYSE listing. This coordinated push by multiple major firms creates undeniable momentum. The removal of the “delaying amendment” by all players suggests a shared, high-confidence belief that regulatory green lights are just weeks away.
Institutional Demand for XRP is Exploding
The frenzy for a spot XRP ETF is backed by tangible, growing demand. The existing REX-Osprey XRP ETF (XRPR) has already smashed through $100 million in assets under management, proving there is a hungry market for regulated XRP exposure. Furthermore, CME Group—the world’s leading derivatives exchange—is expanding its XRP offerings with new options contracts due to strong institutional demand for its futures. This groundswell of professional interest confirms that XRP is being seriously reevaluated by the traditional finance world.
A Bullish Technical Setup Completes the Picture
The fundamental developments are complemented by a bullish technical outlook. Analysts like ChartNerd have pointed out that XRP’s current chart structure eerily resembles its setup before last year’s massive rally. When you combine this technical potential with the imminent catalyst of multiple ETF launches, the conditions for a significant price breakout are falling into place.
My Thoughts
This is the most bullish development for XRP since the conclusion of its legal battle with the SEC. The synchronized filing of final amendments by multiple issuers isn’t a coincidence; it’s a coordinated institutional assault on the market. I believe the first XRP ETF will begin trading within two weeks, unleashing a wave of capital that could easily double XRP’s price from current levels. Don’t be late.
