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The US Securities and Exchange Commission has postponed its decision on Franklin Templeton\u2019s proposed spot XRP<\/a> exchange-traded fund.<\/p>\n SEC\u2019s announcement on April 29, 2025, states that the regulator will now have until June 17, 2025.<\/p>\n This is the date by which it will have to make a decision on whether to approve or reject the XRP spot ETF.<\/p>\n A fresh delay allows the agency more time to evaluate the Franklin Templeton proposal.<\/p>\n According to the SEC\u2019s filing<\/a>, the agency requires a longer period to assess Franklin Templeton\u2019s application, which was initially filed on March 19, 2025.<\/p>\n The proposal aims to list and trade shares of the Franklin XRP Fund under NYSE Arca Rule 8.201-E.<\/p>\n SEC noted that the extended review period, now set at 45 days, may be further prolonged up to 240 days from the initial publication in the Federal Register, potentially delaying a final decision until mid-October 2025.<\/p>\n Per the SEC\u2019s filing, the delay is within the law and offers it time to thoroughly examine the proposed rule change and its alignment with self-regulatory organization requirements.<\/p>\n Not entirely new, the move aligns with a pattern of cautious deliberation the SEC has adopted regarding crypto-related financial products, having taken years to approve spot Bitcoin ETFs and Ether spot ETFs.<\/p>\n Despite delays, investor demand for such crypto ETFs continues to surge.<\/p>\n Over the past few months, issuers have filed over 70 proposals<\/a> seeking a green light to list exchange-traded funds on top altcoins. XRP, Solana, Litecoin, Hedera, and Dogecoin are among the most highly anticipated.<\/p>\n Commenting on the delay, Bloomberg ETF analyst James Seyffart said<\/a> he expects more of these SEC delays this week and in the coming days.<\/p>\n Notably, the regulator has also deferred its rulings on Ethereum staking and Dogecoin ETFs.<\/p>\n Seyffart anticipates that final deadlines for most of the ETF filings will be in October 2025 or later.<\/p>\n \u201cI am expecting more delays today or at least this week on some Solana and Hedera\/HBAR ETF filings. This is expected IMO. Final deadlines for most of this stuff is in October 2025 or later,\u201d Seyffart noted.<\/p>\n<\/blockquote>\nSEC postpones decision on Franklin Templeton\u2019s XRP ETF<\/h2>\n
ETF analyst on what\u2019s next?<\/h2>\n
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