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

Franklin Templeton and Grayscale Investments have submitted synchronized amendments to their proposed XRP exchange-traded fund (ETF) filings with the US SEC. Franklin Templeton updated its S-1 registration by removing the 8(a) provision, a clause that allows for delayed approval, suggesting readiness for a potential launch this month, consistent with market speculation based on prior ETF timelines. Concurrently, Grayscale filed its second amendment, naming key executives and legal counsel, following the operational framework used to convert its Bitcoin and Ethereum trusts into spot ETFs. This coordinated movement, alongside similar actions by Canary Funds and Bitwise, reflects growing institutional momentum and preparation for potential SEC approval, which will set precedents for future altcoin-based ETFs.

(Source：BeInCrypto)