XRP News Today: Companies Accelerate XRP ETF Launches by Skipping SEC Hold-Ups
- Franklin Templeton, Bitwise, and Canary Capital are accelerating XRP ETF approvals by removing SEC "delaying amendments" from S-1 filings, enabling automatic effectiveness under Section 8(a). - This strategy follows Ripple's 2025 SEC legal resolution, boosting confidence in regulatory clarity and triggering $550M XRP accumulation and a 1.55% price surge to $2.53. - Over 150 crypto ETFs are pending with the SEC, while DTCC has pre-listed five XRP ETFs, signaling institutional adoption and projected $10B+
The competition to introduce the first U.S. spot
This move reflects increasing optimism about regulatory certainty after Ripple resolved its five-year dispute with the SEC in August 2025. Experts such as Nate Geraci from NovaDius Wealth Management anticipate that several XRP ETFs could debut within two weeks, with Canary Capital aiming for November 13 and Franklin Templeton planning a mid-November launch
Market reactions have already begun. On November 11, XRP climbed 1.55% to reach $2.53, outpacing the broader crypto sector as institutional investments picked up pace
Technical signals also point to continued bullishness. XRP has bounced off key support between $2.50 and $2.52, with the Relative Strength Index (RSI) at 58 and the MACD indicating growing positive
Progress on the regulatory front and growing institutional interest are seen as key drivers. The Depository Trust & Clearing Corporation (DTCC) has already listed five spot XRP ETFs—including those from Franklin, Bitwise, and Canary—in advance of a U.S. rollout
Nonetheless, short-term challenges persist. Although XRP’s recent gains have set it apart from broader market weakness, analysts warn that excessive momentum could prompt corrections ahead of upcoming macroeconomic data releases
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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