Race for XRP ETF Intensifies as Franklin Templeton Updates S-1 Filing

• Franklin Templeton updated its XRP ETF S-1 and dropped the Section 8(a) delay, mirroring this month’s fast-track filings.
• Canary, Bitwise, CoinShares and Grayscale are all moving XRP products toward mid November listings on Cboe, NYSE and Nasdaq.
• Record XRP fund inflows and new CME derivatives show institutions now want regulated XRP exposure, not just spot.

Franklin Templeton took a key step toward listing a spot XRP exchange traded fund after it updated its S-1 with the U.S. Securities and Exchange Commission and removed the 8(a) delay clause that would have allowed the SEC to control its activation timing.

This is the same procedural path issuers used for the Bitcoin and Ethereum spot ETFs earlier this year, which tells the market Franklin Templeton wants to be in the first wave if exchanges clear the product in November. The ETF is set to list on Cboe BZX and…

Read The Full Article Race for XRP ETF Intensifies as Franklin Templeton Updates S-1 Filing On Coin Edition.