Franklin Templeton’s XRP ETF Gambit Sparks Market Frenzy

Wall Street's latest crypto embrace sends shockwaves through digital asset markets.

The Institutional Stamp of Approval

Franklin Templeton just placed a billion-dollar bet on regulatory clarity—filing paperwork that could transform XRP from courtroom battleground to mainstream investment vehicle. Their ETF application signals what insiders call 'the institutional tipping point' for Ripple's embattled token.

Market Mechanics Unleashed

Trading volumes exploded 300% within hours of the announcement. Options markets now price 60% probability of SEC approval within twelve months—a stunning reversal from last year's regulatory limbo. Market makers report unprecedented institutional inquiries about XRP exposure.

The Ripple Effect

This isn't just about one token. Franklin's move pressures competitors to fast-track their own digital asset products. Watch for copycat filings from BlackRock and Fidelity within weeks—because nothing inspires Wall Street action like fearing they're missing the boat.

Because when traditional finance finally understands crypto, they don't just join the party—they try to buy the whole venue. Sometimes with other people's money.

Franklin Templeton has made a significant advancement with its application for a spot XRP ETF, as it successfully cleared a major hurdle in the approval process with the U.S. Securities and Exchange Commission (SEC). On November 4, the company updated its application by removing Section 8(a), which could eliminate the SEC’s ability to delay the approval and could see the ETF automatically enacted after a 20-day waiting period. This development underscores the investment giant’s determination to launch the XRP ETF as swiftly as possible.

Accelerating XRP ETF Approval Process

Franklin Templeton’s application update was confirmed by ETF analyst James Seyffart, who interpreted it as a strategic MOVE to accelerate the approval process. By removing Section 8(a), the application process can continue uninterrupted even amidst potential government shutdowns. Experts suggest that this amendment could pave the way for the ETF to automatically deploy, thus removing a major uncertainty in the SEC approval procedure.

This maneuver by the investment giant highlights the growing institutional interest in XRP. Large funds, looking to diversify investments beyond Bitcoin$100,541 and Ethereum$3,241, are increasingly viewing XRP as a cryptocurrency with tangible real-world applications. Particularly, Ripple$2‘s expanding presence in international payment networks is fueling this interest.

Rising Institutional Demand

Franklin Templeton’s initiative coincides with Bitwise and Canary Funds expediting their XRP ETF applications. Canary Funds targets a November 13 launch for its ETF, while Bitwise has recently disclosed its listing plans. Such developments in the ETF landscape indicate that XRP is being perceived as more than just a cryptocurrency, but also as a viable payment instrument potentially integrating into banking infrastructure.

Despite the market’s anticipation, the price of XRP has not yet reacted in the short term as expected. According to CryptoAppsy data, XRP experienced a 0.94% drop in the last 24 hours, trading around $2.24. Analysts believe that investors are waiting for the formal SEC approval, predicting that upon approval, the price could accelerate towards its historic peak at $3.80.