Key Takeaways:Franklin Templeton has submitted an updated S-1 prospectus for its proposed Franklin XRP Trust.The update simplifies key legal language under Section 8(a) of the Securities Act of 1933, signaling regulatory readiness.Bloomberg ETF analyst James Seyffart suggests the move indicates the trust’s registration could take effect soon, possibly leading to a launch later this month.Franklin Templeton’s XRP Trust Nears Launch ReadinessFranklin Templeton has filed an updated version of its Franklin XRP Trust prospectus with the U.S. Securities and Exchange Commission (SEC), according to Bloomberg analyst James Seyffart.The revisions reportedly simplify technical wording under Section 8(a) of the Securities Act — a step often taken before a fund becomes effective for public offering.Market analysts view this as a sign that the XRP-based investment product could be approved and launched within weeks, further expanding the lineup of institutional-grade crypto trusts alongside Bitcoin and Ethereum products.Growing Institutional Demand for XRPThe filing comes amid renewed interest in XRP-linked financial instruments, following momentum from recent spot crypto ETF approvals and institutional diversification trends.If approved, Franklin Templeton’s product would mark a significant milestone — potentially becoming the first major XRP trust managed by a top-tier global asset firm.Analyst OutlookAccording to Seyffart, the timing and nature of the amendment suggest that the registration statement is nearing effectiveness, a procedural milestone that often precedes launch within days or weeks.This aligns with Franklin Templeton’s broader strategy to expand its digital asset offerings, positioning itself as one of the few legacy investment firms pursuing exposure beyond Bitcoin and Ethereum.