Franklin Templeton to Launch XRP ETF in the US as Approvals Increase
Franklin Templeton is set to launch a spot XRP ETF on the Chicago Board Options Exchange (CBOE), as U.S. regulators are expected to approve four spot XRP ETFs this week, with three more in the next 21 days. A recent Depository Trust & Clearing Corporation (DTCC) report revealed that five major financial institutions, including Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares, have filed applications for spot XRP ETFs, indicating that the approval process is nearing completion and could have a significant impact on the cryptocurrency market.
Canary Capital’s ETF has already been listed on Nasdaq, while Franklin Templeton has updated its SEC filings to ensure automatic activation once regulatory prerequisites are met, with trading expected to start on the CBOE on the 18th. Bitwise has submitted final amendments to the SEC, with the launch scheduled between November 19-20. 21Shares and CoinShares are also progressing through their review stages, anticipating approvals between November 20-22. This accelerated timeline follows the reopening of U.S. government agencies after an early October shutdown, which halted SEC reviews temporarily.
The influx of ETF launches is expected to trigger a significant liquidity boost for XRP, similar to the recent Solana (SOL) ETF debut which drew early demand amounting to over USD 1.2 billion. Institutional interest has been rising, with Virtu Financial disclosing a USD 63 million XRP holding, and Armada Acquisition Corp. II implementing a USD 1 billion XRP-focused financial strategy. News of Canary Capital’s approval has already resulted in a 2% price increase for XRP, reflecting positive market sentiment.
Technical analysts predict that with increased institutional involvement, XRP could see a rebound towards its all-time high of USD 3.80, a level not reached since before Ripple’s legal dispute with the U.S. SEC. Ripple’s significant legal victory earlier in 2025 helped alleviate regulatory uncertainties surrounding XRP, paving the way for the anticipated ETF approvals to inject fresh momentum into the asset.
