Overview
- Franklin Templeton removed Section 8(a) delaying language from its S-1 for a spot XRP ETF, signaling an intent to launch this month.
- Rival issuers made similar moves this week, with Bitwise disclosing a 0.34% fee and a planned NYSE listing and CoinShares flagging the ticker XRPL for a prospective Nasdaq listing.
- Canary Capital is targeting around November 13 for a potential debut, which remains contingent on Nasdaq accepting its Form 8-A registration.
- The auto-effectiveness approach can take effect after the statutory waiting period and narrows procedural delays, yet trading still depends on exchange approvals and the absence of new SEC comments or stop orders.
- Market interest is elevated, with XRP recently around $2.24 and heavy trading volumes, alongside reports of expanded CME XRP options activity.