Franklin Templeton is taking aggressive steps to launch its XRP exchange-traded fund before the end of November, submitting a revised filing with the U.S. Securities and Exchange Commission (SEC) designed to eliminate procedural delays.
Key Takeaways:
- Franklin Templeton’s XRP ETF filing removes SEC’s delaying clause to speed approval.
- Bitwise, CoinShares, and Canary Capital have filed similar updates this week.
- XRP trades at $2.24, down over 14% weekly, but showing early signs of stabilization.
- RSI and MACD indicators suggest XRP could be approaching an oversold zone.
The move positions the firm at the forefront of a rapidly escalating race among major issuers to bring XRP-based investment products to traditional markets.
The firm’s updated S-1 includes specific language that allows for automatic registration once all requirements are satisfied, effectively bypassing the SEC’s ability to postpone activation. Bloomberg analyst James Seyffart noted that this method mirrors the one used earlier in 2025 to expedite approvals for Bitcoin and Ethereum ETFs, marking another shift in how issuers navigate U.S. regulatory procedures.
Franklin Templeton’s timing coincides with an industry-wide rush to gain ETF approval. Canary Capital also filed an updated S-1 last week, removing the same “delaying amendment” as it targets a potential debut around November 13. Analysts view these coordinated filings as a clear sign that institutional interest in XRP exposure is rapidly intensifying.
NEW: @FTI_US files updated XRP ETF s-1 with shortened 8(a) language. Looking to launch this month. pic.twitter.com/0KxAYiRdSs
— James Seyffart (@JSeyff) November 4, 2025
Broader Competition Among Issuers
Bitwise confirmed its own XRP ETF plans in a recent amendment, outlining a 0.34% management fee and listing on the New York Stock Exchange. CoinShares followed with a filing that revealed its intended ticker symbol, “XRPL,” for a future Nasdaq listing. ProShares has joined the race as well, proposing a new ETF tied to the CoinDesk 20 Index, which tracks major crypto assets including XRP and Solana.
Meanwhile, REX Shares and Osprey Funds’ jointly managed XRPR fund recently surpassed $100 million in assets under management, signaling rising institutional demand. CME Group expanded its XRP derivatives line with new options contracts, citing strong futures volume as a key driver.
XRP Market Outlook
At press time, XRP trades near $2.24 with a market capitalization of roughly $134.7 billion, according to CoinMarketCap data. Despite a 14% drop over the past week, the token remains the fourth-largest cryptocurrency by market cap, supported by daily trading volumes exceeding $10.5 billion.
Technical indicators hint at possible stabilization. The daily Relative Strength Index (RSI) hovers around 36, suggesting oversold conditions, while the MACD lines are nearing a potential bullish crossover—signs that short-term selling pressure could be easing.
Analysts See Familiar Patterns
Some traders remain cautiously optimistic. ChartNerd, a popular market analyst, noted that XRP’s current chart structure resembles the consolidation period that preceded last year’s major rally. While sentiment remains divided, Franklin Templeton’s move to fast-track its ETF could serve as a short-term catalyst if approved within days.
If successful, the ETF’s debut could mark another significant step in integrating XRP into mainstream financial products—potentially sparking renewed inflows into Ripple’s ecosystem and strengthening the token’s long-term investment narrative.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/xrp-etf-update-franklin-templeton-fast-tracks-launch-after-sec-filing-change/