BTCC
/
BTCC Square
/
Global Cryptocurrency
/
SEC Postpones XRP ETF Approval as CME Exchange Awaits Futures Market Maturity
SEC Postpones XRP ETF Approval as CME Exchange Awaits Futures Market Maturity
24
1
CME exchange News -
The U.S. Securities and Exchange Commission has delayed its decision on Franklin Templeton’s XRP Spot ETF application, extending the deadline to June 17, 2025. Analysts highlight that this move follows the SEC’s established pattern of requiring robust futures trading data before greenlighting spot products.
Notably, XRP futures contracts remain unavailable on CME, echoing the regulatory precedent set with Bitcoin and Ethereum ETFs. The SEC’s cautious approach also extends to other cryptocurrency-based ETFs, including those incorporating Ethereum staking mechanisms.
By:
Previous
U.S. and India Nearing Trade Deal as Trump Signals Imminent Agreement
Next
Pi Network (PI) Fails to Ride the Crypto Market Rally, Remains 80% Below ATH
