XRP News Today: Franklin's XRP ETF Nears Launch as Crypto Gains Institutional Momentum
- Franklin Templeton's XRP ETF (XRPZ) nears launch after DTCC listing, signaling regulatory readiness but no SEC approval yet. - The ETF uses an "8(a)" provision for automatic approval after 20 days, a strategy adopted by other crypto ETFs to bypass delays. - Growing institutional and retail interest in XRP ETFs is evident, with existing products like XRPR and XRPH11 attracting significant AUM. - Market momentum and industry coordination could lead to approvals by late November, pending SEC actions and sta
Franklin Templeton's
Franklin Templeton has also submitted an
This ETF proposal is part of Franklin Templeton’s larger push into the crypto sector, which already includes
Interest in XRP ETFs is rising, as shown by products such as the REX-Osprey XRP ETF (XRPR) and Hashdex Nasdaq XRP ETF (XRPH11), both of which have attracted substantial assets. The REX-Osprey ETF reached over $100 million in assets under management within five weeks of its September debut, while the Hashdex ETF in Brazil has drawn about 7.17 billion Brazilian reais ($1.33 billion) from more than 300,000 investors. These numbers highlight the increasing demand for XRP-based investment options among both institutions and individual investors.
The regulatory environment is still evolving, with SEC approval timelines and market dynamics playing pivotal roles. Recent government shutdowns have added unpredictability, but successful launches like Bitwise’s BSOL ETF—which saw $56 million in trading volume on its first day—show that crypto ETFs can thrive when given the green light. Experts believe that Franklin Templeton’s strategy, along with industry collaboration, could result in approvals by late November, depending on SEC decisions and market conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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