XRP ETF Decision Delayed by SEC

SEC Delays Decision on Franklin Templeton’s XRP ETF Proposal

• The US SEC has postponed its decision on Franklin Templeton’s spot XRP ETF application.
• The proposed ETF would be listed on the Cboe BZX Exchange, offering direct exposure to XRP.
• XRP remains the fifth-largest cryptocurrency by market cap.
• No public comments have been submitted regarding the proposal so far.
• The SEC will decide on Grayscale’s Ethereum Spot ETF Staking Proposal by June 1, 2025.

The SEC’s delay in deciding on Franklin Templeton’s XRP ETF application mirrors its cautious stance on crypto regulation. Despite this postponement, XRP’s price has held steady above $2.29, showing a slight daily increase of 0.86%.