XRP ETF Race Heats Up as Franklin, Bitwise Revise S-1 Filings

Franklin Templeton, Bitwise, and Canary Capital have all filed updated S-1 registration statements with the Securities and Exchange Commission (SEC) in recent days, intensifying the race to launch the first ￰0￱ XRP exchange-traded fund (ETF). The filings, posted between October 31 and November 4, suggest issuers are eyeing mid-November for potential ￰1￱ Asset Managers Join the XRP ETF Push Earlier today, Bloomberg ETF analyst James Seyffart revealed that Franklin Templeton had submitted an amended S-1 featuring shortened “8(a)” language, an important legal tweak that allows a registration to take effect automatically within 20 days, bypassing direct SEC ￰2￱ prospectus, dated November 4, outlines that the Franklin XRP Trust will hold the token as its primary asset, tracking its price ￰3￱ Bitwise and Canary Capital made similar filings last week, removing the “delaying amendment” that normally lets the SEC control approval ￰4￱ to journalist Eleanor Terrett, this move positions Canary’s ETF for a November 13 debut, assuming Nasdaq grants final clearance through its 8-A ￰5￱ approach mirrors the strategy used by issuers of the Solana (SOL), Litecoin (LTC), and Hedera (HBAR) ETFs last month, which launched under the same automatic rule despite parts of the ￰6￱ being shut ￰7￱ launches were successful, with Bitwise’s BSOL ETF even recording $56 million in first-day trading volume, the highest among over 850 ETFs launched this ￰8￱ Market Implications and Investor Outlook The expected XRP ETF wave comes at a time when over 150 crypto ETF filings are pending with the SEC, spanning 35 different digital ￰9￱ Ripple token currently ranks third among all crypto ETF targets, with around 20 separate filings, trailing only Solana and ￰10￱ watchers say these developments show a clear shift in regulatory tone, following the end of Ripple’s five-year legal dispute with the SEC in August ￰11￱ such as Nate Geraci of NovaDius Wealth Management believe XRP ETFs could “launch within the next two weeks,” marking what he called a “major moment” for mainstream crypto investing.