Usman Salis
● Investment giant Franklin Templeton just made a major move toward launching an XRP Spot ETF. According to Steph Is Crypto, the firm amended its S-1 registration by removing Section 8(a) language — a clause that usually lets the SEC delay an ETF's approval. Dropping this language is widely seen as a sign they're ready to go live, possibly within weeks.
● If approved, this ETF would give investors regulated access to XRP, one of the world's top cryptocurrencies. It's a big deal for crypto adoption in traditional finance, though it comes with risks like market volatility and regulatory uncertainty. XRP prices could swing harder in the short term as markets react.
● The financial impact could be huge. Approval might bring billions in institutional money, similar to what happened with Bitcoin and Ethereum ETFs in 2024. That kind of inflow could boost XRP's liquidity and price while cementing its status as a legitimate investment product. For Franklin Templeton, it's another win in bridging traditional finance with blockchain assets.
● This update also reflects the broader race among asset managers to capture the crypto ETF market early. With the SEC gradually warming to digital assets, removing the delay provision shows Franklin Templeton is confident approval is close. Many observers think the green light could come within weeks, making XRP the next crypto to join Bitcoin and Ethereum on U.S. exchanges.
Franklin Templeton has updated its S-1 for an $XRP Spot ETF, removing 8(a) language that could delay approval. The firm is signaling a launch this month! As Steph Is Crypto put it
● The message is clear: XRP's ETF debut isn't a matter of if anymore — it's a matter of when.
Usman Salis
