XRP ETF Race Heats Up as Grayscale and Franklin Templeton Join Canary & Bitwise in Turbocharging S-1 Updates

Final Stretch: Grayscale and Franklin Chase XRP ETF Approval Grayscale and Franklin Templeton have joined Canary Capital and Bitwise in filing swift updates to their S-1 registrations for spot XRP ETFs, transforming a cautious regulatory wait into a race to list by ￰0￱ removing delaying clauses and adding key operational details, the issuers signal growing confidence that the SEC’s recent guidance has opened a fast track for XRP ETFs to reach the ￰1￱ Capital set the tone by trimming the delaying amendment from its S-1 and publicly indicating an automatic effectiveness window that points to a November 13 listing date, a move designed to let the ETF go live as soon as exchange and clearing mechanics ￰2￱ filing and the stated target date have pressured rivals to tidy their paperwork and lock in market positioning ahead of what analysts expect will be a concentrated debut period.

Grayscale, a leading institutional force in crypto, filed a detailed early-November amendment for its proposed Grayscale XRP Trust ETF, outlining governance, custody, and fee ￰3￱ filing reveals how the firm plans to operate the spot product and underscores its readiness to list immediately once the SEC and exchanges give the green ￰4￱ Bitwise’s recent fee disclosures and Canary’s accelerated timeline, Grayscale’s move amplifies a clear message across the industry that top asset managers are fully primed to launch XRP ETFs the moment approval ￰5￱ Templeton’s update was equally ￰6￱ $1.5 trillion asset manager removed an 8(a)-style delay clause from its S-1, language that would have required explicit SEC approval, and replaced it with provisions for automatic ￰7￱ subtle but strategic change streamlines the path to market, signaling Franklin Templeton’s confidence that exchanges will move swiftly under the SEC’s new generic listing ￰8￱ the rush?

Well, in September, the SEC approved rule changes letting national exchanges adopt generic listing standards for spot crypto and commodity ETFs, a structural shift that shortens reviews and opens the door to rapid ￰9￱ early-mover advantage at stake, issuers are racing to perfect their operational, custody, and fee disclosures before exchanges or regulators give the green light. Therefore, the coordinated wave of S-1 updates from Grayscale, Franklin Templeton, Canary Capital, and Bitwise has shifted the XRP ETF story from theoretical approval to a full-scale operational ￰10￱ The synchronized S-1 updates from Grayscale, Franklin Templeton, Bitwise, and Canary Capital signal a turning point for crypto-based ￰11￱ began as a cautious regulatory trial has evolved into a full-scale sprint toward mainstream recognition of XRP as a legitimate asset within traditional ￰12￱ approvals arrive by mid-November, these issuers could unlock a new wave of institutional participation and accelerate the fusion of digital assets with regulated ￰13￱ coming weeks may thus mark a defining milestone, not only for XRP, but for the broader future of cryptocurrency investing.