XRP ETF Decision Delayed by SEC

SEC Delays Decision on Franklin Templeton’s Spot XRP ETF

• The SEC extended the review period for Franklin Templeton’s spot XRP ETF to June 17, 2025.
• XRP is the fourth-largest crypto asset by market capitalization, trading at approximately $2.3.
• The price of XRP increased by 7% over the past seven days.
• Other delayed ETF applications include Fidelity’s spot Ethereum ETF and Bitwise’s spot Dogecoin ETF.
• Bloomberg analyst James Seyffart described the delay as a standard procedure that does not affect approval chances.

The SEC has postponed its decision on Franklin Templeton’s spot XRP ETF until June 17, 2025. This delay is part of a standard regulatory process and does not impact the likelihood of eventual approval, according to analysts. Other crypto ETFs have also experienced similar delays.