- SEC delays Franklin Templeton’s spot XRP ETF decision, resetting the deadline to June 17, 2025.
- Franklin leads the XRP ETF race with $1.5T AUM, while several peer filings face similar extensions.
- XRP price remains steady at $2.30 despite regulatory delays, gaining over 6% in the past week.
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Franklin Templeton’s proposed spot XRP ETF, citing the need for additional time to evaluate the application. The extension pushes the new decision date to June 17, 2025, from the original deadline of May 3.
The filing, submitted by Cboe BZX Exchange on March 13, formally entered its initial 45-day review period on March 19. The SEC’s delay follows a familiar regulatory pattern seen across previous crypto ETF proposals.
Franklin Templeton Leads Institutional Push for XRP ETFs
Franklin Templeton, one of the largest asset managers with over $1.5 trillion in assets under management, is at the forefront of efforts to bring XRP-based investment products to traditional markets. The firm submitted its S-1 registration to the SEC in April, signaling deeper institutional interest in crypto-backed ETFs.
Related: XRP Soars 16% as Franklin Templeton Files for ETF, SEC Delays Weigh
Besides Franklin, companies like Grayscale, Bitwise, 21Shares, and WisdomTree are also chasing approval for XRP-based investment vehicles. Franklin submitted its S-1 registration form to the SEC last month, signaling a growing interest in bringing more crypto products to traditional financial markets.
SEC Extends Review Window for Multiple Crypto ETF Applications
The delay in Franklin Templeton’s XRP ETF review comes alongside similar extensions for other pending filings. The SEC also postponed rulings on:
- Fidelity’s spot Ethereum ETF with staking
- Bitwise’s spot Dogecoin ETF
- Franklin’s spot Solana ETF
Analysts say the delays are procedural rather than negative indicators. James Seyffart of Bloomberg Intelligence noted that extensions are routine and expected during early review stages
Eric Balchunas, also of Bloomberg, supported this view, adding that Bitcoin and Ethereum ETFs faced similar review cycles before receiving approval.
XRP Price Holds Steady as Regulatory Decisions Loom
Despite the regulatory hold-up, XRP continues to show resilience in the market. The token is currently trading at $2.25, marking a 2% gain in 24 hours and a 0.50% rise in over a week.
Related: Franklin Templeton: Crypto Growth in 2025 Hinges on Regulation, AI
With a circulating supply of 58 billion XRP, the asset holds a market capitalization close to $131 billion, keeping it among the largest digital assets by market value.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
