- Three major firms have filed updated S-1 forms for a XRP ETF.
- A legal change allows the ETF registration to become effective automatically.
- The first XRP ETF could potentially launch in mid-November.
The competition to launch an XRP ETF is advancing. Asset management firms Franklin Templeton, Bitwise, and Canary Capital have all submitted revised S-1 registration statements to the Securities and Exchange Commission.
These filings occurred between October 31 and November 4. This activity indicates a focused push to establish the first U.S. spot exchange-traded fund for XRP. The timing of these documents suggests the issuers are targeting a potential mid-November launch window.
NEW: @FTI_US files updated XRP ETF s-1 with shortened 8(a) language. Looking to launch this month. pic.twitter.com/0KxAYiRdSs
— James Seyffart (@JSeyff) November 4, 2025
Legal Revisions Point Toward Imminent Launch
Franklin Templeton submitted an amended S-1 filing featuring shortened “8(a)” language. This legal adjustment permits a registration to become effective automatically within 20 days. The change bypasses any need for direct additional approval from the SEC. The prospectus states the Franklin XRP Trust will hold the token as its primary asset.
Concurrently, Bitwise and Canary Capital made similar filings last week. These revisions removed a “delaying amendment” that normally gives the SEC control over the final timing. Issuers for Solana, Litecoin, and Hedera ETFs used the same automatic rule last month. Those funds launched successfully, with one recording substantial first-day trading volume. Over 150 crypto ETF filings are now pending with the SEC, covering 35 different digital assets.
As of November 5, 2025, XRP (Ripple) is trading at approximately $2.28 USD, showing a 1.5% daily increase, according to CoinDesk. Despite this minor rebound, XRP has recently faced selling pressure, dropping over 6% in early trading sessions as bearish sentiment from Bitcoin’s market movement spilled over to altcoins. Analysts note that traders are closely watching the $2.08 support level, which remains crucial to prevent further declines toward the $2.00 mark.
The latest Ripple news highlights a significant $500 million funding round led by Fortress Investment Group, with participation from Pantera Capital, Galaxy Digital, and Citadel Securities, valuing Ripple at $40 billion.
