TL;DR
- Franklin Templeton listed its XRP ETF (XRPZ) on the DTCC after amending its SEC filing with the “8(a)” clause, which automatically activates the fund if there are no objections.
- The ETF will hold XRP as its main asset and will list on the Cboe BZX Exchange once approved, following the model used by the Solana and Litecoin ETFs.
- The firm manages over $1.5 trillion and operates Bitcoin and Ethereum funds, as well as a tokenization project in Hong Kong.
Franklin Templeton added its XRP ETF (XRPZ) to the Depository Trust & Clearing Corporation (DTCC) database, marking a preliminary step toward a potential market launch, still pending SEC approval.
The fund appeared on the DTCC website following an amendment to its S-1 form filed earlier this week. The update includes the “8(a)” clause, which allows registration to automatically take effect after 20 days if the SEC raises no objections — replicating the strategy recently used by issuers of Solana, Litecoin, and Hedera ETFs.
Awaiting the SEC’s Decision
The prospectus states that the Franklin XRP Trust will hold XRP tokens as its primary asset and track their market performance. Once the regulatory process is complete, the ETF will trade on the Cboe BZX Exchange. The firm chose the accelerated procedure to shorten approval timelines.
Franklin Templeton is part of a group of asset managers that modified their filings in November to remove the “delaying amendment” clause, including Bitwise, Canary Capital, and Grayscale, aiming to prevent the SEC from postponing the effective date of their funds.
Bloomberg analysts noted that if the U.S. government shutdown ends before November 13, the SEC could authorize the first XRP ETFs — including those from Franklin Templeton and Canary Capital — without requiring a new review process.
Other Franklin Templeton Projects
Franklin Templeton manages over $1.5 trillion in assets and operates products such as the spot Bitcoin (EZBC) and Ethereum (EZET) funds, which attracted over $500 million in their first quarter. The firm is also developing a tokenized money-market fund in collaboration with the Hong Kong Monetary Authority and HSBC, integrated into the Project Ensemble sandbox to test instant settlements using digital deposits.
Institutions are starting to gain ground in the XRP market. The REX-Osprey XRP ETF (XRPR), launched in September, surpassed $100 million in assets under management, while the Hashdex Nasdaq XRP ETF in Brazil reached $1.33 billion
