XRP News Today: SEC Grants Approval for XRP ETF as a Commodity, Sidestepping Security Status Debate

The U.S. Securities and Exchange Commission (SEC) has made a notable move toward recognizing

as a legitimate institutional investment by , according to sources including Kenny Nguyen and documents from Franklin Templeton. This action represents a major milestone for XRP, currently the fourth-largest digital asset by market value, as it via conventional brokerage platforms. The ETF, named the Franklin XRP Trust, will be managed by Franklin Templeton, which oversees $1.6 trillion in assets, and is under the ticker EZRP.

Momentum for approval increased after Franklin Templeton

with the SEC, eliminating a delaying provision (Section 8(a)) that could have prolonged the review. This adjustment means the ETF could become active within 20 days unless the SEC objects. The fund’s design, which , does not distribute airdrops or forks to investors, streamlining compliance and reducing operational hurdles. Coinbase Custody will in offline storage, while will serve as the main broker for executing trades.

Industry observers see the ETF as a driving force for greater institutional involvement. By allowing investors to gain exposure to XRP without direct ownership, the fund

that have traditionally kept mainstream investors away from digital assets. Experts anticipate that inflows could rival those seen by and ETFs, which have . Early demand is apparent: Canary Capital’s XRPC ETF, which debuted on Nasdaq, on its opening day. Nevertheless, XRP’s value has , a drop attributed to large holders selling and overall market weakness.

The ETF’s regulatory structure follows commodity-based standards, treating XRP in a manner similar to gold or oil under BZX Rule 14.11(e)(4). This approach differs from the SEC’s ongoing lawsuit against Ripple Labs, which claims XRP should be classified as a security.

by emphasizing XRP’s use in international payments and its increasing acceptance among institutions.

Despite the positive outlook, certain risks persist. The SEC has yet to issue a formal final approval, and regulatory review could still postpone the launch. Moreover, XRP’s price swings and cybersecurity issues highlight the importance of caution.

, which will be initially waived, making the ETF competitive with similar offerings.

Investors should keep an eye on SEC updates and exchange notifications for confirmation of the ETF’s activation. If trading commences as planned on November 18, the product could reshape XRP’s position in traditional finance, connecting the crypto world with institutional investors. For now, this milestone is still “anticipated,” but it highlights the growing trend of regulatory transparency and the integration of digital assets into mainstream finance.