XRP ETF Approval Imminent? Franklin Templeton & Grayscale Move in Sync

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Hold on to your hats, ladies and gentlemen, because the world of XRP ETFs just got a whole lot more exciting! Franklin Templeton and Grayscale Investments are making waves with some slick moves, submitting amended filings to the mighty US Securities and Exchange Commission (SEC) for their much-anticipated XRP exchange-traded funds.

Franklin Templeton, the ever-so-sly fox, has decided to remove regulatory roadblocks that could delay approval. Yep, that’s right, they’re giving the SEC a “hey, we’re ready to launch” nudge, with a potential debut this month. Meanwhile, Grayscale, not one to be outdone, has filed its second amendment, naming its top brass and the legal eagles backing its play. Somebody call the SEC, the race is on! 🏁

Franklin Templeton Ditches the Delay Drama

In a move that’s almost too sneaky to be legal (just kidding!), Franklin Templeton has updated its S-1 registration statement, tossing out the pesky 8(a) provision. For the non-financial folks, this clause is a speed bump that could hold up an ETF filing until the SEC gives the green light. The removal of this provision is like hitting the fast-forward button on this ETF saga. 🚀

Now, why does this matter? Well, savvy market watchers are already speculating that Franklin Templeton might be looking at a November launch, given the SEC’s oh-so-predictable approval timelines for similar products. It’s like clockwork-tick-tock, the countdown begins!

🚨 🚨 BREAKING NEWS

Franklin Templeton just filed new amendment S-1/A for Spot XRP ETF with SEC (20 days automatic approval). 📃 🪙 💰 🇺🇸 #XRP #RLUSD #XRPETF 💎 💎 💎 💎 💎 💎 💎 💎 💎 💎

– Kenny Nguyen (@mrnguyen007) November 4, 2025

Franklin Templeton isn’t exactly a small fry in the world of crypto ETFs. They’ve already dipped their toes into the market with the EZBC (Bitcoin) and EZET (Ethereum) spot ETFs, which pulled in over $500 million in institutional capital in just their first quarter. Oh, and did we mention they manage a cool $1.5 trillion in assets globally? That’s like being the giant in the crypto jungle while Grayscale’s got a modest $38 billion to show for itself.

Grayscale’s Second Amendment: Bigger, Better, Bolder

Grayscale’s back at it, filing its second amendment (yes, we’re keeping track) to its Form S-1 on November 3. This filing is the real deal-Edward McGee gets the official title of Chief Financial Officer, and the law firm Davis Polk & Wardwell LLP is officially on board to handle the legal mumbo-jumbo for its proposed Grayscale XRP Trust.

Grayscale isn’t slowing down! Amendment No. 2 filed for the $XRP Trust – the path to a spot XRP ETF just got real.

– TheCryptoBasic (@thecryptobasic) November 4, 2025

If you’re not impressed yet, let’s rewind a bit. Grayscale has already pulled off a masterstroke by transforming its GBTC (Bitcoin) and ETHE (Ethereum) trusts into spot ETFs after getting the SEC’s stamp of approval back in January 2024. That’s some serious regulatory finesse, my friends. 🏅

The XRP Trust amendment follows the same tried-and-true recipe that Grayscale perfected with its earlier products. And with Davis Polk & Wardwell LLP in the mix, they’re practically guaranteed to navigate the regulatory maze like pros. There’s no turning back now!

The Regulatory Circus: It’s All Part of the Show

The amended filings aren’t just a fluke-there’s serious institutional momentum behind these XRP ETFs. A bunch of asset managers, including Canary Funds and Bitwise, have made similar moves, tweaking their filings to get rid of any lingering delays. It’s like a synchronized dance, and the beat is all about getting those ETF approvals ASAP. 🕺💃

Now, the SEC’s not just going to hand out approvals like candy. They’ll be checking custody structures, market surveillance systems, and compliance frameworks. These elements are the bedrock of digital asset regulation. But if the stars align, we could be looking at a future where altcoins-beyond just Bitcoin and Ethereum-get their own shiny new ETFs. 💥

So, there you have it. The XRP ETF showdown is heating up, and with both Franklin Templeton and Grayscale gunning for approval, it’s anyone’s game. Stay tuned, folks. You won’t want to miss what happens next!

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2025-11-05 09:48