Ladies and gentlemen, brace yourselves, for the race to launch the first XRP Spot ETF has kicked off like a greyhound chasing a mechanical rabbit 🐇. Franklin Templeton, the global investment behemoth, has made a move so slick it would make a cat burglar envious. They’ve quietly updated their XRP ETF filing, shedding the pesky 8(a) clause like a snake discards its old skin. This clause, which once allowed the SEC to dawdle indefinitely, has been ceremoniously tossed into the bin, paving the way for a quicker approval process.
Franklin Templeton Bids Farewell to the 8(a) Clause 🎩
On the fateful day of November 4, Franklin Templeton filed an updated S-1 for its XRP ETF, giving the 8(a) clause the old heave-ho. This rule, which previously gave the SEC carte blanche to delay approvals, is now history. With this change, the ETF could become automatically effective after the 20-day waiting period, even if the SEC decides to nap through a government shutdown 🛌. Talk about efficiency!
ETF guru James Seyffart confirmed the update, noting that Franklin Templeton is clearly in a hurry to launch this fund faster than you can say “crypto craze.”
NEW: @FTI_US files updated XRP ETF s-1 with shortened 8(a) language. Looking to launch this month.
– James Seyffart (@JSeyff) November 4, 2025
Experts believe that an XRP spot ETF could attract a torrent of institutional money, as investors seek exposure beyond Bitcoin and Ethereum. With XRP’s prowess in cross-border payments and Ripple’s ever-expanding network of banking partners, this move could be the tipping point for XRP’s adoption in the staid world of traditional finance. Who knew crypto could be so… respectable?
Institutions are Buzzing Over XRP ETFs 🐝
Franklin Templeton’s update places it in the illustrious company of Bitwise and Canary Funds, who have also tweaked their XRP ETF filings to expedite approval. Canary Funds is eyeing a November 13 launch, while Bitwise is hot on their heels with plans to list an XRP ETF soon. These swift maneuvers underscore the growing institutional appetite for XRP, which is increasingly viewed as more than just a fancy digital token-it’s a practical payments solution. Although the SEC has yet to give its final nod, Franklin Templeton’s update suggests that approval might be just around the corner. If greenlit, XRP would join Bitcoin and Ethereum as a tradable spot ETF. Quite the trifecta!
XRP Price: Holding Its Breath 🤔
Despite the hullabaloo surrounding Franklin Templeton’s XRP ETF filing, the XRP price has remained eerily calm, slipping by a modest 1.4% in the past 24 hours to around $2.24. Its market cap now hovers near $134 billion, which is nothing to sniff at. This mild pullback indicates that traders are playing it cool, waiting for the SEC’s official thumbs-up before making any grand moves. Analysts, however, remain bullish, predicting that once the XRP Spot ETF is approved, it could spark a rally strong enough to propel XRP back toward its all-time high of $3.80. So, buckle up-it might be a wild ride 🚀.
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2025-11-05 09:45