Google News Flash: XRP ETF Decision Pushed Back by SEC
Delay looms for $1.5 trillion titan's proposal to launch XRP Exchange-Traded Fund with SEC.
Franklin Templeton's plans for an XRP-based exchange-traded fund (ETF) are up in the air as the US Securities and Exchange Commission (SEC) has delayed its decision. The delay means we might not see a decision until June 17, 2025.
Back in March, Franklin Templeton took a significant leap into the XRP ETF race with a S-1 registration filing for a physically backed XRP ETF. But it seems the SEC needs more time to assess the proposed rule change submitted by Cboe BZX Exchange to list the ETF.
While we're on the subject of ETFs, ProShares is gunning for a May 14 launch of its futures-based XRP ETFs, providing it gets the green light from the SEC. Keep in mind that this is subject to regulatory approval.
It's worth noting that this delay comes after libertarian Paul Atkins took over as SEC chair earlier this month, following his confirmation in the Senate. Atkin's pro-crypto stance brings a ray of hope to the crypto community, yet the delay showcases the regulatory challenges that still lie ahead.
The SEC is also stalling decisions on several other spot XRP filings from companies like Bitwise and Grayscale. The high-stakes game of regulatory catch-up continues, with the SEC expected to make its final decisions on a host of cryptocurrency-linked ETFs, including XRP ETFs, by mid-October 2025.
Stay tuned for more updates on crypto ETFs!
Fun Fact:
Did you know that an XRP ETF, once approved, would serve as a convenient way for investors to gain exposure to the digital asset XRP through traditional marketplaces? This could potentially boost liquidity and mainstream adoption of XRP.
[1]SEC extends review period for Franklin Templeton's XRP ETF filing[2]SEC delays decision on Franklin Templeton's XRP ETF[3]SEC's Decision on Bitcoin, Ethereum, and XRP ETFs Expected by Mid-October of 2025[4]SEC Still Deliberating on XRP's Classification as a Security[5]Franklin Templeton joins the XRP ETF race, files for physical XRP ETF
- The delay in the SEC's decision on Franklin Templeton's XRP-based exchange-traded fund (ETF) means a decision might not be made until June 17, 2025.
- Despite the delay, ProShares is aiming for a May 14 launch of its futures-based XRP ETFs, subject to regulatory approval.
- The US Securities and Exchange Commission (SEC) is also holding off on decisions regarding several other spot XRP filings from companies like Bitwise and Grayscale.
- The SEC's protracted decision-making process showcases the regulatory challenges that still exist in the crypto community.
- If approved, an XRP ETF could potentially increase liquidity and mainstream adoption of XRP, providing investors with a convenient way to gain exposure to digital asset XRP through traditional marketplaces.
- The expected final decisions on cryptocurrency-linked ETFs, including XRP ETFs, by mid-October 2025 promise to be a significant milestone in the finance and technology sectors.
