XRP ETF Hype Builds as Franklin Templeton Updates SEC Filing
XRP ETF – US financial powerhouse Franklin Templeton, which manages over $1.5 trillion in assets, has taken a significant step forward in its efforts to launch an XRP exchange-traded fund (ETF) by updating its S-1 filing with the U.S. Securities and Exchange Commission (SEC).
SEC Prepares for Imminent XRP ETF Approval
An S-1 filing is a key registration document required by the SEC for any company looking to offer publicly traded products. In this case, the filing pertains to Franklin Templeton’s proposed XRP ETF, which would provide investors with regulated exposure to the Ripple-affiliated cryptocurrency.
The latest update to the document features a shortened Section 8(a) clause, a crucial procedural adjustment that allows the SEC to delay the registration’s effectiveness. However, the new language suggests the regulator is moving closer to approving the ETF, signaling growing momentum within the crypto investment landscape.
This move follows similar updates from Bitwise and Canary Fund, both of which have also refined their ETF filings in recent weeks—further fueling speculation that the SEC could greenlight multiple crypto-based ETFs in the near future.
XRP Price Remains Under Pressure
Despite the excitement surrounding the potential ETF approval, XRP’s price remains in the red. The token has fallen over 14% in the past week, mirroring the broader cryptocurrency market correction that has weighed on major digital assets.
Analysts note that XRP’s future price trajectory will likely depend on the market’s response once spot-based ETFs officially launch. A strong inflow of demand could revive bullish momentum, while weaker investor interest might keep XRP’s price subdued in the short term.
As regulatory clarity improves and institutional involvement grows, the Franklin Templeton XRP ETF could become a landmark product in bridging traditional finance and the crypto sector.
