SEC Postpones Franklin Templeton’s XRP Spot ETF Decision to June 2025: What It Means for Crypto Investors

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton’s proposed XRP spot exchange-traded fund (ETF), setting a new deadline of June 17, 2025. This extension, confirmed in an April 29 regulatory filing, marks another pivotal moment in the ongoing saga of cryptocurrency ETF approvals. The initial application was submitted by Cboe BZX Exchange on March 13, and the delay has left market observers speculating about the broader implications for XRP and the crypto market. With multiple cryptocurrency ETF proposals awaiting final rulings, this development could signal a cautious approach by regulators or a strategic pause to assess market conditions. As of April 2025, the crypto community remains on edge, anticipating how this decision might influence XRP’s adoption and price trajectory in the coming year.

SEC Delays Decision on Franklin Templeton’s XRP Spot ETF to June 2025

The U.S. Securities and Exchange Commission has extended its review period for Franklin Templeton’s proposed XRP spot exchange-traded fund, pushing the final decision deadline to June 17, 2025. The regulatory filing, dated April 29, confirms the delay for the application initially submitted by Cboe BZX Exchange on March 13.

Market observers now anticipate final rulings on multiple cryptocurrency ETF proposals around mid-October. The SEC’s cautious approach reflects ongoing deliberations about digital asset investment products, particularly following recent approvals for bitcoin-focused funds.

Franklin’s XRP Fund would trade as commodity-based trust shares if approved. This development comes as institutional interest in crypto ETPs grows, though regulators continue scrutinizing market structure and investor protection concerns.

SEC Delays Decision on Franklin Templeton’s XRP ETF Proposal

The U.S. Securities and Exchange Commission has pushed back its verdict on Franklin Templeton’s proposed spot XRP exchange-traded fund, extending the review period to June 17. The asset manager, overseeing $1.5 trillion, filed the application in March through Cboe BZX Exchange.

Regulators cited the need for additional time to evaluate the fund’s structure and address potential compliance issues. Market participants now await clarity on whether the SEC will greenlight the product or demand further modifications.

SEC Delays XRP ETF Decision, Awaiting Ripple Settlement and Futures Market Development

The U.S. Securities and Exchange Commission has deferred its ruling on Franklin Templeton’s proposed XRP spot ETF, extending the deadline to June 2025. Market observers note the delay aligns with the regulator’s historical approach—awaiting established futures trading data before approving spot products.

CME-listed XRP futures remain conspicuously absent, mirroring the SEC’s precedent with Bitcoin and Ethereum ETFs. Regulatory scrutiny hinges on demonstrable market depth and surveillance capabilities, suggesting patience outweighs panic for XRP investors.

Ripple News: SEC’s Paul Atkins Could Still Object ProShares’ XRP ETF Filing

Speculation about ProShares launching an XRP ETF on April 30 has been debunked. A spokesperson clarified that no such launch is scheduled, countering viral social media claims of SEC approval. The confusion stemmed from misinterpretation of regulatory filings, where an "effective date" was mistaken for a launch timeline.

Market participants remain watchful as SEC Commissioner Paul Atkins retains authority to challenge the filing. XRP’s regulatory limbo continues to fuel volatility, with traders weighing ETF prospects against ongoing legal uncertainty.