Franklin Templeton Updates XRP ETF Filing, Removes Delay Clause
Major issuers listed spot XRP ETFs with DTCC, marking operational readiness for potential U.S. launch pending SEC regulatory approval.
XRP
Fact Check
The evidence overwhelmingly and consistently supports the statement. All eight relevant sources, which are various crypto news and data platforms, explicitly state that Franklin Templeton filed an amendment to its XRP ETF application. Furthermore, these sources are in unanimous agreement that the specific purpose of this update was to remove a delay clause, frequently identified as the '8(a)' clause. The consistency across multiple independent reports on this specific technical detail lends significant credibility to the claim. While the sources provided from Franklin Templeton's own website have high authority, they are completely irrelevant to the subject of an XRP ETF filing and therefore do not contribute to the assessment. There is no conflicting evidence among the provided sources. The high degree of consensus among the relevant outlets makes the statement highly likely to be true.
Summary
Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares have registered spot XRP ETFs with the Depository Trust & Clearing Corporation, signaling preparedness for a U.S. market debut. DTCC’s listing process handles securities clearing, but trading of these products will require final approval from the SEC.
Terms & Concepts
- XRP ETF: An exchange-traded fund designed to track the price of XRP, allowing investors exposure without directly holding the cryptocurrency.
- DTCC: The Depository Trust & Clearing Corporation, a U.S. financial services company providing clearing and settlement services for the securities industry.