Franklin Templeton Advances XRP ETF Plans with New S-1 Filing
- Franklin Templeton filed a revised S-1 for its XRP ETF, aiming for launch by month-end.
- The updated filing includes condensed 8(a) language, facilitating automatic registration upon meeting requirements.
- This move eliminates the SEC’s ability to delay the ETF’s effectiveness, a strategy also used by other recent crypto issuers.
- Canary Capital and Bitwise have also filed updates for their respective XRP ETFs, with Bitwise confirming a management fee of 0.34%.
- The REX–Osprey’s XRPR has surpassed $100 million in assets under management, indicating growing institutional interest in XRP.
The recent filings reflect a strategic shift among crypto issuers to expedite approval processes for digital asset ETFs, particularly as demand increases for products linked to Ripple’s XRP.
With Franklin Templeton targeting a launch this month and significant assets flowing into XRP-related products, the market is poised for potential growth in the coming days. (Source)
