Franklin Templeton has made a significant move towards launching its proposed XRP exchange-traded fund (ETF) by updating its S-1 filing. This revision suggests a potential launch could occur before the end of November, intensifying anticipation in the market.
The update, as reported by Cointelegraph and detailed by Bloomberg’s James Seyffart, involves a technical adjustment to the document’s 8(a) language. Such modifications typically signal that the filing is in its final stages and nearing approval.
One Step Closer to ETF Approval
Franklin Templeton has reportedly shortened the language within its S-1 filing, with the stated intention of launching its spot XRP ETF this month. This development arrives amidst growing excitement surrounding the prospect of a spot XRP ETF, a product widely viewed as a potential gateway for institutional capital into the XRP ecosystem.
For many months, market observers have considered an XRP ETF a crucial milestone. Analysts have suggested that the primary impediment to an earlier approval was the temporary disruption caused by a U.S. government shutdown, which had paused various regulatory processes at the Securities and Exchange Commission (SEC).
Franklin Templeton’s adjusted filing has garnered considerable attention, as such refinements are often indicative of internal confidence and readiness for execution.
UPDATE: Franklin Templeton updated its XRP ETF S-1 filing with shortened 8(a) language, aiming to launch this month, per Bloomberg’s James Seyffart. pic.twitter.com/1kX8FVAR0t
— Cointelegraph (@Cointelegraph) November 5, 2025
XRP Community Reacts Positively
Market participants have widely interpreted the update as a strong indicator that the long-awaited spot XRP ETF is nearing approval. One community member noted that shortened legal text often aligns with the SEC’s final approval stages, suggesting a procedural confidence in the product.
Another commenter added that when major financial institutions begin to refine their filings in such a manner, it typically signals preparations for imminent action. The overall sentiment across online platforms remains overwhelmingly positive, building on years of anticipation for a spot XRP ETF, with many market participants believing this hype is on the verge of materializing into a tangible product.
Positioning XRP for Institutional Access
If approved, Franklin Templeton’s XRP ETF would join the recently launched Rex-Osprey XRP ETF, offering a regulated avenue for direct exposure to the digital asset within traditional financial markets.
The XRP community has consistently emphasized that regulatory clarity is fundamental for sustainable growth. Such institutional access could bridge traditional portfolios to XRP without necessitating direct custody of tokens, thereby enhancing the asset’s liquidity and overall accessibility.
Should Franklin Templeton’s filing lead to approval in the coming weeks, it could represent a significant turning point for XRP’s integration into mainstream financial products. Currently, all attention is focused on the SEC’s subsequent actions, with experts anticipating that the commission will approve spot XRP ETFs in mid-November.