XRP ETF Momentum Builds: Franklin Templeton and Grayscale Advance Filings Amid Approval Buzz

XRP ETF applications are gaining steam, with Franklin Templeton removing delaying language from its S-1 filing and Grayscale submitting a second amendment designating executives and counsel for its proposed XRP Trust conversion, signaling potential launches as early as November.

Franklin Templeton Removes Delaying Clause: November Launch in Sight

Franklin Templeton has updated its S-1 for a spot XRP ETF, removing the 8(a) clause that could postpone approval, enabling automatic effectiveness after 20 days. This move, confirmed by Bloomberg analyst James Seyffart, positions the ETF for a possible November debut, aligning with the firm’s $1.5 trillion AUM and recent Solana ETF success. The filing, via Cboe BZX Exchange, tracks XRP’s spot price minus fees, with Coinbase Custody for assets, underscoring institutional momentum in altcoin products.

• Filing Update: 8(a) removed; 20-day auto-approval window.
• Launch Target: November; enhanced institutional access.
• Market Impact: Boosts XRP to $2.55; 1.7% daily gain.

Grayscale’s Second Amendment: XRP Trust Conversion Advances

Grayscale filed Amendment No. 2 for its XRP Trust, naming Edward McGee as CFO and Davis Polk & Wardwell LLP as counsel, mirroring its successful GBTC and ETHE conversions to spot ETFs. The $16 million trust, organized under Delaware law, tracks XRP via the CoinDesk XRP Price Index, with NYSE Arca listing under GXRP pending approval. This step-by-step maturation, from futures to spot, forecasts a Q4 2025 launch, enhancing regulated XRP exposure.

• Amendment Details: CFO and counsel designated; NYSE Arca ticker GXRP.
• Trust Structure: Delaware-based; passive tracking via CoinDesk index.
• Precedent: Follows Bitcoin and Ethereum ETF conversions.

Multiple Asset Managers in the Race: SEC’s Altcoin ETF Wave

The SEC is reviewing 92 crypto ETF applications, with XRP among seven spot proposals alongside Solana’s eight. Bitwise, 21Shares, CoinShares, and others have amended filings, removing delays for automatic approval. ProShares’ leveraged XRP futures ETF, approved in July, and CME’s May launch meet SEC’s six-month futures requirement, boosting odds to 95% by Q4. Nate Geraci of The ETF Store predicts altcoin ETFs “within a couple of months,” with staking in Ethereum ETFs next.

• Application Count: 92 total; XRP 7, Solana 8.
• Futures Precursor: CME launch in May; 100% probability by year-end.
• Expert Forecast: 95% approval odds; $5-10B inflows potential.

XRP Price Prediction: $3-$5 Consensus

XRP trades at $2.55, up 1.7% with $2.16 billion volume, holding $153 billion cap as #4. XRP price prediction targets $3-$5 by year-end. Changelly forecasts $3.08-$3.51; CoinDCX $3.30. Finder $6.10; Ventureburn $5. Bull catalysts: ETF approvals; bear risks: tariff volatility testing $2.00.

For investors, how to buy XRP via compliant platforms ensures entry. How to sell XRP and how to cash out XRP offer liquidity. Sell XRP for cash and convert XRP to cash enable fiat conversions.

Trading Strategy: ETF Momentum Longs

Short-term: Long above $2.55 targeting $3.00, stop $2.30 (10% risk). Swing: Accumulate dips, staking for 5% APY. Watch $2.72 breakout; below $2.30, exit.

In summary, Franklin Templeton and Grayscale’s XRP ETF advancements, amid SEC’s altcoin wave, signal November launches, fueling XRP’s $3-$5 2025 surge.