Summary ⚈ SEC delays decision on Franklin Templeton’s XRP spot ETF to June 17, 2025, for further review and public input. ⚈ Analysts say the delay is procedural, similar to earlier Bitcoin and Ethereum ETF timelines. ⚈ U.S. approval could boost institutional interest in XRP, which remains below $3. The United States Securities and Exchange Commission ( SEC ) has extended its timeline for ruling on Franklin Templeton’s proposed spot XRP exchange-traded fund ( ETF ). The new decision date has been set for June 17, 2025, for the application submitted by the Cboe BZX Exchange on March 13, 2025, as confirmed in a regulatory filing on April 29. According to the application, the Cboe BZX Exchange seeks to list and trade shares of the Franklin XRP Fund under the commodity-based trust shares category. The SEC’s delay was reportedly driven by the need for more time to review the proposed rule change, as permitted under Section 19(b)(2) of the Securities Exchange Act of 1934. The commission also emphasized the importance of considering public feedback and internal concerns before making a decision. SEC’s filing extending spot XRP ETF decision date. Source: SEC XRP spot ETF procedural delay With the more crypto -friendly SEC, it was widely anticipated that approving the XRP spot ETF would be straightforward, especially since the Ripple case is nearing a conclusion . However, Eric Balchunas, Bloomberg’s Chief ETF Analyst, noted that there is no need for alarm, as the delay is procedural. He pointed out that Bitcoin ( BTC ) and Ethereum ( ETH ) ETFs experienced similar delays before approval. If the product is approved, the U.S. will become the second country to launch an XRP spot ETF, after Brazil. Notably, the Brazilian product, listed under the ticker XRPH11 on Brazil’s B3 stock exchange as the XRP HASH CI ETF, has so far had a strong start . Nevertheless, the product is yet to have a significant impact on XRP’s price due to the relatively small size of Brazil’s financial markets. Meanwhile, investors in the United States interested in gaining exposure to XRP have the option of a futures-based product , with the regulator approving the ProShares offering. XRP price analysis At the time of reporting, XRP was trading at $2.23, down nearly 3%. The asset is also down by almost 2% on the weekly chart. XRP seven-day price chart. Source: Finbold Overall, XRP continues to consolidate below the $3 mark. However, confirmation of spot ETF approval could attract institutional interest, potentially driving the price up to as high as $3. Featured image from Shutterstock The post SEC issues new date for spot XRP ETF decision appeared first on Finbold .
