XRP News Today: Franklin's XRP ETF Nears Launch as Crypto Gains Institutional Momentum

The Franklin Templeton XRP ETF (XRPZ) has taken a key step toward potential market debut by being listed on the Depository Trust & Clearing Corporation (DTCC) website, signaling preparation for regulatory approval and a possible launch in the coming weeks. The DTCC listing, confirmed on November 7, is part of the "standard procedure" for new ETFs but does not indicate formal regulatory clearance from the U.S. Securities and Exchange Commission (SEC) listed on DTCC. The move aligns with broader industry trends, as multiple crypto-related ETFs have recently adopted streamlined strategies to expedite regulatory timelines.

Franklin Templeton filed an amended Form S-1 registration for the XRP ETF, incorporating an "8(a)" provision that allows the ETF to become effective automatically after 20 days unless the SEC intervenes. This tactic, previously used by Solana (SOL), Litecoin (LTC), and Hedera (HBAR) ETFs, has enabled rapid approvals without prolonged regulatory delays. If approved, the XRPZ will track XRP's market performance and list on the Cboe BZX Exchange, with the trust holding XRP tokens as its primary asset.

The ETF initiative is part of Franklin Templeton's broader crypto expansion, which includes existing Bitcoin (EZBC) and Ethereum (EZET) spot ETFs and forays into tokenized assets. The firm, managing over $1.5 trillion in assets, recently launched Hong Kong's first tokenized money-market fund in collaboration with HSBC and OSL Group. This strategy mirrors efforts by competitors such as Grayscale Investments, which filed its second amendment for an XRP ETF and named key executives and legal counsel.

The market momentum for XRP ETFs is evident, with existing products like the REX-Osprey XRP ETF (XRPR) and Hashdex Nasdaq XRP ETF (XRPH11) attracting significant assets under management (AUM). The REX-Osprey ETF surpassed $100 million in AUM within five weeks of its September launch, while the Hashdex ETF in Brazil has accumulated approximately 7.17 billion Brazilian reais ($1.33 billion) from over 300,000 investors. These figures underscore growing institutional and retail interest in XRP-based investment vehicles.

The regulatory landscape remains fluid, with the SEC's approval timelines and market conditions playing critical roles. Recent government shutdowns have introduced uncertainty, though successful launches like Bitwise's BSOL ETF—recording $56 million in first-day trading volume—demonstrate the viability of crypto ETFs when approved. Analysts suggest that Franklin Templeton's approach, combined with industry coordination, could lead to approvals by late November, contingent on SEC actions and market readiness.