Key Developments in XRP ETF Filings
Franklin Templeton has updated its filing for an XRP-based Exchange-Traded Fund (ETF) by removing a clause that previously allowed the Securities and Exchange Commission (SEC) to delay its approval. This strategic move aims to accelerate the launch of the product. The firm's updated S-1 registration statement includes specific language that permits automatic registration once all requirements are met, effectively bypassing the SEC's ability to postpone activation. Bloomberg analyst James Seyffart highlighted that this approach mirrors the expedited approval process used for Bitcoin and Ethereum ETFs earlier in 2025, indicating a shift in how issuers navigate U.S. regulatory procedures.
This development positions Franklin Templeton at the forefront of a competitive landscape as multiple major issuers are rushing to bring XRP-based investment products to traditional markets. The timing of Franklin Templeton's filing coincides with a broader industry trend. Canary Capital also filed an updated S-1 last week, removing the same "delaying amendment" and targeting a potential launch around November 13. Analysts interpret these coordinated filings as a strong indicator of intensifying institutional interest in XRP exposure.
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
The race to launch XRP ETFs is intensifying, with several other firms making significant moves. Bitwise confirmed its own XRP ETF plans through a recent amendment, detailing a management fee of 0.34% and targeting a listing on the New York Stock Exchange. CoinShares followed with its own filing, revealing its intended ticker symbol, "XRPL," for a future listing on Nasdaq. ProShares has also entered the competition, proposing a new ETF linked to the CoinDesk 20 Index, which encompasses major crypto assets including XRP and Solana.
In parallel, the jointly managed XRPR fund by REX Shares and Osprey Funds has recently surpassed $100 million in assets under management, underscoring the growing institutional demand for XRP exposure. Further evidence of this demand comes from CME Group, which expanded its XRP derivatives offerings with new options contracts, citing strong futures volume as a primary driver for this expansion.
XRP Market Outlook
As of the latest reporting, XRP is trading around $2.24, with a market capitalization of approximately $134.7 billion, according to CoinMarketCap data. Despite experiencing a weekly decline of over 14%, the token maintains its position as the fourth-largest cryptocurrency by market capitalization. This resilience is supported by daily trading volumes that consistently exceed $10.5 billion.
Technical indicators suggest that XRP may be approaching a period of stabilization. The daily Relative Strength Index (RSI) is currently hovering around 36, which typically indicates that the asset may be oversold. Concurrently, the Moving Average Convergence Divergence (MACD) lines are nearing a potential bullish crossover. These signals collectively suggest that the short-term selling pressure on XRP could be easing.
Analysts See Familiar Patterns and Future Potential
Market sentiment among traders remains cautiously optimistic. ChartNerd, a prominent market analyst, has observed that XRP's current chart structure bears a resemblance to the consolidation phase that preceded its significant rally last year. While opinions are divided, the successful fast-tracking of Franklin Templeton's ETF, if approved swiftly, could act as a short-term catalyst for the asset.
The potential approval and launch of this ETF could represent another crucial step in integrating XRP into mainstream financial products. Such an event might stimulate renewed inflows into Ripple's ecosystem and bolster the token's long-term investment narrative, further solidifying its position in the digital asset market.