XRP ETF: Franklin Templeton Next in Line After Canary’s Success

Franklin Templeton Moves Closer to XRP ETF Approval Amid Market Buzz

With the crypto market abuzz once again, attention is now likely to shift to Franklin Templeton. Following the successful launch of Canary Capital's XRPC fund, Franklin Templeton is the next major firm in line awaiting regulatory approval for the launch of its XRP ETF. 

To many investors, this could be another major step in bringing more institutional money into the XRP ecosystem.

Interest in the altcoin has been growing fast for the past week. Though the price faced some minor slippage, the excitement of new exchange traded fund launches keeps this market alive and kicking.

Canary Capital Sets the Stage with a Record XRP ETF Launch

The Canary Capital’s XRPC spot XRP ETF launched on November 13, 2025, and surprised the whole market. The fund posted $58.6 million in first-day trading volume along with $245 million in net inflows. No other fund launched this year came even close. 

According to Bloomberg analyst Eric Balchunas, XRPC barely beat the BSOL ETF, but the two were far ahead of every other ETF listing in 2025.

Source: X (formerly Twitter) 

This strong launch instantly changed the mood around the crypto. It also confirmed there is real institutional demand for a regulated product tracking it's spot price.

Franklin Templeton Approval May Come in Days

Franklin Templeton is expected to get its XRP ETF approval any time between November 14 and November 18. According to analysts, the filing updates the firm has been making last week hint that it is already preparing for a green light.

Other major firms are lined up too:

• Bitwise: Expected approval from Nov 19–20

• 21Shares & CoinShares: likely between Nov 20–22

• Grayscale & WisdomTree: Eyeing late November

This whole lineup portends something bigger happening where big institutions are finally moving toward this digital currency after many years of hesitation.

Price Drops Even as Interest in XRP ETF Rises

Yet, even with this hype, the crypto lost 1.38% in the last 24 hours, changing hands around $2.25. Small it may be, but the drop is noteworthy considering the hype around the Canary launch. 

Source: CMC 

Sell the News Reaction: When the very first the product went live, some investors took profits. This is common during big events.

Technical Weakness: It fell below an important support line at $2.35. The next support sits at $2.20. If that fails, it could drop toward $2.00.

What's Next after Franklin Templeton's XRP ETF?

If Franklin Templeton gets approved this week, the momentum for altcoin investment products could grow even stronger. Many traders believe that the real impact of fund inflows has not shown up in price yet, because settlement takes time. If new ETFs pull in consistent inflows, like Canary did, the price could stabilize and pick up again.

Investors will be tracking two things closely:

Whether it can keep above the $2.20 support

How much money flows into Franklin Templeton and Bitwise's forthcoming ETFs If both trends continue in the right direction, it could be set for a renewed push towards the $2.88 and $3.65 resistance levels over the next few weeks. 

Conclusion 

Franklin Templeton's imminent approval will start the second wave of exchange traded fund momentum. Several other large companies are also in line to launch in the same month, so November could turn out to be one of the most important months for XRP since 2023. For now, investors are waiting to see whether these new ETFs can bring steady inflows and stronger confidence back into the market.