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17h ago

Issuers Fast-Track U.S. Spot XRP ETFs for Mid-November Launch Window

Managers are using Section 8(a) no‑delay filings to make registrations automatically effective after 20 days, subject to exchange 8‑A registration plus no new SEC objections.

Issuers update XRP ETF filings to bypass shutdown delays: Launch likely in November
Xrp etf buzz grows as franklin templeton and bitwise eye november launch
Image
Photo: Franklin Templeton

Overview

  • DTCC now shows nine XRP ETFs on its platform, a preparatory step that indicates settlement readiness but not the start of trading.
  • Franklin Templeton, Bitwise, Canary Capital and Grayscale updated S‑1s to shorten or remove the 8(a) delaying clause, signaling plans to target listings this month.
  • Canary’s CEO said the firm aims to launch a spot XRP fund next week after filing a no‑delay amendment timed to November 13, contingent on Nasdaq’s Form 8‑A acceptance.
  • Four futures‑based XRP ETFs are already trading, while multiple pure spot products await final exchange steps and the absence of fresh SEC actions.
  • An October government shutdown slowed SEC processing, concentrating issuer efforts into a narrow mid‑November window using the automatic‑effect pathway.