A major headline is rippling across the crypto world: the U.S. Securities and Exchange Commission (SEC) has reportedly approved a spot XRP ETF, according to a post by Kenny Nguyen. The implication is huge. It would represent a breakthrough for XRP, as it would enable institutions to gain regulated exposure to the token without requiring direct custody. Emerging Confirmation from Franklin Templeton Kenny Nguyen’s post specifically calls out Franklin Templeton as the issuer . Sources indicate that Franklin filed an amended S-1 registration with the SEC for a fund called the Franklin XRP Trust. This is its spot XRP ETF, structured to hold XRP via Coinbase Custody. Notably, the latest filing removes a delaying clause (Section 8(a)), meaning the registration may become effective just 20 days after submission unless the SEC intervenes. Franklin also proposes listing the ETF on the Cboe BZX Exchange. According to the SEC’s order, the listing would be under BZX Rule 14.11(e)(4), which covers commodity-based trust shares. Market Implications for XRP Approval of Franklin’s XRP ETF would pave the way for institutional investors to invest in XRP. Investors would gain exposure through traditional brokerage accounts rather than needing to hold XRP directly. That access could drive strong demand, particularly from firms and funds that have avoided crypto due to custody risk. Moreover, the structure proposed by Franklin avoids distributing XRP Ledger forks or airdrops to shareholders, potentially simplifying the fund’s operational and regulatory complexity. The SEC’s favorable listing rule under BZX Rule 14.11(e)(4) also indicates a path analogous to other commodity-based ETFs, reinforcing the notion that XRP may increasingly be treated in a commodity-like way within U.S. markets. But Read Caution: Not Yet a Done Deal Despite the buzz from Kenny Nguyen and the amended filings, a few critical caveats remain. First, the SEC has not publicly issued a press release confirming a “final” approval. Second, even if the registration becomes effective, fund-launch logistics still need to be finalized, including creation/redemption, marketing, and custodian infrastructure. Third, regulatory risk is never zero. The SEC’s decision to extend review timelines earlier suggests it still retains scrutiny of ETF proposals. While the 8(a) clause removal accelerates things, it doesn’t fully eliminate the possibility of SEC pushback. What to Watch Next Investors and observers should closely monitor SEC filings and public disclosures from Franklin Templeton for any confirmation or denial of the ETF’s effectiveness. Exchange announcements (especially from Cboe BZX) will also be critical, as they may confirm share ticker, trading launch, and liquidity mechanisms. If the ETF does launch, it could mark a watershed moment for XRP adoption in traditional finance. But until the SEC officially lists the fund and trading begins, the news remains “anticipated” — albeit powerfully so. In short, Kenny Nguyen’s post has highlighted a potentially pivotal moment for XRP. The amended S-1 from Franklin Templeton, combined with the removal of delaying provisions, offers a credible path toward what could be a first-of-its-kind spot XRP ETF. But investors should temper optimism with caution until trading begins. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Big News for XRP: SEC Approves Anticipated Spot XRP ETF. Here’s the Latest appeared first on Times Tabloid .
