XRP News: SEC Delays Grayscale’s ETF Decision, While Franklin Templeton Files for Spot XRP ETF

The future of XRP-related investments in the financial market is currently under the spotlight, with two major developments affecting its ETF landscape. Here’s a summary of the latest updates.

SEC Delays Grayscale’s XRP ETF Decision; Franklin Templeton Files for Spot XRP ETF

The US Securities and Exchange Commission (SEC) has delayed its decision on Grayscale’s application for a spot XRP exchange-traded fund (ETF), stating that it requires a longer period to evaluate the proposal. The next deadline falls on May 21, with a final decision potentially coming in mid-October. Meanwhile, Franklin Templeton has filed for a spot XRP ETF, aiming to track the spot price of XRP with assets held by Coinbase Custody.

XRP Price Crosses Critical $2 Level: Will It Rebound Or Crash?

XRP price recently crossed the crucial $2 support level, but analysts warn that a breakdown could signal a deeper correction. The ongoing Ripple vs. SEC lawsuit adds uncertainty. Despite recent sharp declines, including an 18.6% drop on March 8 and a 22.12% fall between March 7 and 10, XRP has noted a recovery and was trading at $2.20, up 2.78% in 24 hours.

XRP Price Prediction: Can XRP Surge To $5 In Q3?

XRP investors faced a 14% downturn in March as cryptocurrency markets struggled. Experts predict XRP could breach all-time highs by the end of 2025. The current challenging market environment will likely persist through March, with XRP hovering just above the psychological support of $2. The article explores expert claims and examines an emerging competitor catching traders’ attention.

SEC Postpones Decision on Grayscale’s XRP ETF

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on converting Grayscale’s XRP Trust into an ETF. This announcement, made on Tuesday, highlights the regulatory challenges surrounding crypto assets even as institutional investors show increasing interest in crypto-related financial products. Supporters of an XRP ETF continue to wait amid regulatory uncertainties and expansion strategies from major asset managers.