XRP ETF Approval Imminent? Franklin Templeton & Grayscale Move in Sync

Franklin Templeton and Grayscale Investments have submitted amended filings to the US Securities and Exchange Commission for their proposed XRP exchange-traded funds.

Franklin Templeton removed regulatory language that could delay approval, signaling readiness for a potential launch this month. Meanwhile, Grayscale filed its second amendment, designating key executives and legal counsel.

Franklin Templeton updated its S-1 registration statement by eliminating the 8(a) provision. This regulatory clause can postpone the effectiveness of an ETF filing pending SEC approval.

This aligns with market speculation for potential November launches, based on observed SEC approval timelines for similar products.