Franklin Templeton’s XRP ETF Hits DTCC, Awaits SEC Approval
Franklin Templeton this week filed a Form S-1 amendment refining section 8(a) of its spot XRP ETF, officially named the Franklin XRP Trust (XRPZ). The XRP ETF now appears on the DTCC’s active list and plans to hold XRP directly under Coinbase Trust custody.
While the DTCC listing signals that infrastructure is in place, the ETF still awaits final SEC approval. Traders expect the XRP ETF to boost market liquidity, attract institutional participation, and act as a catalyst for price gains. Approval could unlock regulated access to XRP through conventional brokers and create new arbitrage opportunities. Investors should watch upcoming SEC filings and comments for a likely trading launch.
Bullish
Securing a DTCC listing and filing a Form S-1 amendment represent concrete steps toward SEC approval of the first spot XRP ETF from a major asset manager. In the short term, this progress typically triggers increased trading interest as market participants anticipate enhanced liquidity and easier access via brokerage platforms. Positive speculation around approval timelines can drive XRP price momentum. Over the long term, a regulated ETF offering direct exposure to XRP under institutional-grade custody could attract significant capital inflows from institutional and retail investors, underpin broader market adoption, and reduce volatility through standardized management and surveillance measures. Historical launches of spot crypto ETFs, such as those for Bitcoin and Ethereum, saw sustained inflows and price appreciation, suggesting a bullish outlook for XRP once the ETF goes live.