Grayscale & Franklin Join XRP ETF Race Ahead of Mid-Nov Approval
The post Grayscale & Franklin Join XRP ETF Race Ahead of Mid-Nov Approval appeared com. Final Stretch: Grayscale and Franklin Chase XRP ETF Approval Grayscale and Franklin Templeton have joined Canary Capital and Bitwise in filing swift updates to their S-1 registrations for spot XRP ETFs, transforming a cautious regulatory wait into a race to list by mid-November. By removing delaying clauses and adding key operational details, the issuers signal growing confidence that the SEC’s recent guidance has opened a fast track for XRP ETFs to reach the market. Canary Capital set the tone by trimming the delaying amendment from its S-1 and publicly indicating an automatic effectiveness window that points to a November 13 listing date, a move designed to let the ETF go live as soon as exchange and clearing mechanics permit. That filing and the stated target date have pressured rivals to tidy their paperwork and lock in market positioning ahead of what analysts expect will be a concentrated debut period. Grayscale, a leading institutional force in crypto, filed a detailed early-November amendment for its proposed Grayscale XRP Trust ETF, outlining governance, custody, and fee structures. The filing reveals how the firm plans to operate the spot product and underscores its readiness to list immediately once the SEC and exchanges give the green light. Alongside Bitwise’s recent fee disclosures and Canary’s accelerated timeline, Grayscale’s move amplifies a clear message across the industry that top asset managers are fully primed to launch XRP ETFs the moment approval lands. Franklin Templeton’s update was equally significant. The $1. 5 trillion asset manager removed an 8(a)-style delay clause from its S-1, language that would have required explicit SEC approval, and replaced it with provisions for automatic effectiveness. This subtle but strategic change streamlines the path to market, signaling Franklin Templeton’s confidence that exchanges will move swiftly under the SEC’s new generic listing standards. Why the rush? Well,. Continue reading Grayscale & Franklin Join XRP ETF Race Ahead of Mid-Nov Approval