Franklin Templeton Files Amended S-1 for Spot XRP ETF
Franklin Templeton has filed an amended S-1 registration statement with the SEC for a spot XRP ETF. The move follows the launch of Bitcoin spot ETFs and aims to provide regulated exposure by directly holding XRP. The amendment incorporates SEC feedback and refines market surveillance and investor protection measures. Recent court rulings in SEC v. Ripple clarified that XRP traded on exchanges is not a security for retail investors, reducing regulatory uncertainty. Approval of a spot XRP ETF could unlock significant institutional capital, boost XRP liquidity, and enhance price discovery. However, the SEC will continue to scrutinize the application, and traders should monitor ongoing regulatory responses. This development underscores growing institutional adoption of crypto ETFs and could drive XRP trading volumes and market sentiment.
Bullish
Franklin Templeton’s amended S-1 filing for a spot XRP ETF signals growing institutional interest and could pave the way for new institutional inflows into XRP. In the short term, the announcement may increase trading volume and volatility as traders position for potential approval. In the long term, a regulated spot XRP ETF would enhance liquidity, price discovery, and market confidence, driving sustained demand. The clarification from court rulings reduces regulatory risk for XRP, further supporting a bullish outlook.