Final Stretch: Grayscale and Franklin Chase XRP ETF ApprovalGrayscale and Franklin Templeton have joined Canary Capital and Bitwise in filing swift updates to their S-1 registrations for spot XRP ETFs, transforming a cautious regulatory wait into a race to list by mid-November. By removing delaying clauses and adding key operational details, the issuers signal growing confidence that the SEC’s recent guidance has opened a fast track for XRP ETFs to reach the market.Canary Capital set the tone by trimming the delaying amendment from its S-1 and publicly indicating an automatic effectiveness window that points to a November 13 listing date, a move designed to let the ETF go live as soon as exchange and clearing mechanics permit. That filing and the stated target date have pressured rivals to tidy their paperwork and lock in market positioning ahead of what analysts expect will be a concentrated debut period.Grayscale, a leading institutional force in crypto, filed a detailed early-November amendment for its proposed Grayscale XRP Trust ETF, outlining governance, custody, and fee structures. The filing reveals how the firm plans to operate the spot product and underscores its readiness to list immediately once the SEC and exchanges give the green light. Alongside Bitwise’s recent fee disclosures and Canary’s accelerated timeline, Grayscale’s move amplifies a clear message across the industry that top asset managers are fully primed to launch XRP ETFs the moment approval lands.Franklin Templeton’s update was equally significant. The $1.5 trillion asset manager removed an 8(a)-style delay clause from its S-1, language that would have required explicit SEC approval, and replaced it with provisions for automatic effectiveness. This subtle but strategic change streamlines the path to market, signaling Franklin Templeton’s confidence that exchanges will move swiftly under the SEC’s new generic listing standards.Why the rush? Well, in September, the SEC approved rule changes letting national exchanges adopt generic listing standards for spot crypto and commodity ETFs, a structural shift that shortens reviews and opens the door to rapid listings. With early-mover advantage at stake, issuers are racing to perfect their operational, custody, and fee disclosures before exchanges or regulators give the green light.Therefore, the coordinated wave of S-1 updates from Grayscale, Franklin Templeton, Canary Capital, and Bitwise has shifted the XRP ETF story from theoretical approval to a full-scale operational sprint.ConclusionThe synchronized S-1 updates from Grayscale, Franklin Templeton, Bitwise, and Canary Capital signal a turning point for crypto-based ETFs. What began as a cautious regulatory trial has evolved into a full-scale sprint toward mainstream recognition of XRP as a legitimate asset within traditional finance. Should approvals arrive by mid-November, these issuers could unlock a new wave of institutional participation and accelerate the fusion of digital assets with regulated markets. The coming weeks may thus mark a defining milestone, not only for XRP, but for the broader future of cryptocurrency investing.Final Stretch: Grayscale and Franklin Chase XRP ETF ApprovalGrayscale and Franklin Templeton have joined Canary Capital and Bitwise in filing swift updates to their S-1 registrations for spot XRP ETFs, transforming a cautious regulatory wait into a race to list by mid-November. By removing delaying clauses and adding key operational details, the issuers signal growing confidence that the SEC’s recent guidance has opened a fast track for XRP ETFs to reach the market.Canary Capital set the tone by trimming the delaying amendment from its S-1 and publicly indicating an automatic effectiveness window that points to a November 13 listing date, a move designed to let the ETF go live as soon as exchange and clearing mechanics permit. That filing and the stated target date have pressured rivals to tidy their paperwork and lock in market positioning ahead of what analysts expect will be a concentrated debut period.Grayscale, a leading institutional force in crypto, filed a detailed early-November amendment for its proposed Grayscale XRP Trust ETF, outlining governance, custody, and fee structures. The filing reveals how the firm plans to operate the spot product and underscores its readiness to list immediately once the SEC and exchanges give the green light. Alongside Bitwise’s recent fee disclosures and Canary’s accelerated timeline, Grayscale’s move amplifies a clear message across the industry that top asset managers are fully primed to launch XRP ETFs the moment approval lands.Franklin Templeton’s update was equally significant. The $1.5 trillion asset manager removed an 8(a)-style delay clause from its S-1, language that would have required explicit SEC approval, and replaced it with provisions for automatic effectiveness. This subtle but strategic change streamlines the path to market, signaling Franklin Templeton’s confidence that exchanges will move swiftly under the SEC’s new generic listing standards.Why the rush? Well, in September, the SEC approved rule changes letting national exchanges adopt generic listing standards for spot crypto and commodity ETFs, a structural shift that shortens reviews and opens the door to rapid listings. With early-mover advantage at stake, issuers are racing to perfect their operational, custody, and fee disclosures before exchanges or regulators give the green light.Therefore, the coordinated wave of S-1 updates from Grayscale, Franklin Templeton, Canary Capital, and Bitwise has shifted the XRP ETF story from theoretical approval to a full-scale operational sprint.ConclusionThe synchronized S-1 updates from Grayscale, Franklin Templeton, Bitwise, and Canary Capital signal a turning point for crypto-based ETFs. What began as a cautious regulatory trial has evolved into a full-scale sprint toward mainstream recognition of XRP as a legitimate asset within traditional finance. Should approvals arrive by mid-November, these issuers could unlock a new wave of institutional participation and accelerate the fusion of digital assets with regulated markets. The coming weeks may thus mark a defining milestone, not only for XRP, but for the broader future of cryptocurrency investing.