XRP ETF Decision Moved to June 17 as SEC Extends Franklin Templeton Timeline

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Franklin Templetons proposed spot XRP ETF, citing the need for additional time to evaluate the application. The extension pushes the new decision date to June 17, 2025, from the original deadline of May 3.

The filing, submitted by Cboe BZX Exchange on March 13, formally entered its initial 45-day review period on March 19. The SECs delay follows a familiar regulatory pattern seen across previous crypto ETF proposals.

Franklin Templeton Leads Institutional Push for XRP ETFs

Franklin Templeton, one of the largest asset managers with over $1.5 trillion in assets under management, is at the forefront of efforts to bring XRP-based investment products to traditional markets. The firm submitted its S-1 registration to the SEC in April, signaling deeper institutional interest in crypto-backed ETFs.

Besides Franklin, companies like Grayscale, Bitwise, 21Shares, and WisdomTree are also chasing approval for XRP-based investment vehicles. Franklin submitted its S-1 registration form to the SEC last month, signaling a growing interest in bringing more crypto products to traditional financial markets.

SEC Extends Review Window for Multiple Crypto ETF Applications

The delay in Franklin Templetons XRP ETF review comes alongside similar extensions for other pending filings. The SEC also postponed rulings on:

• Fidelitys spot Ethereum ETF with staking
• Bitwises spot Dogecoin ETF
• Franklins spot Solana ETF

Analysts say the delays are procedural rather than negative indicators. James Seyffart of Bloomberg Intelligence noted that extensions are routine and expected during early review stages

Yes, the SEC just punted on a bunch of alt coin ETF filings including Litecoin, Solana, XRP & DOGE. It's expected as this is standard procedure & Atkins hasn't even been confirmed yet. This doesn't change our (relatively high) odds of approval. Also note that the final deadlines…

— James Seyffart (@JSeyff) March 11, 2025

Eric Balchunas, also of Bloomberg, supported this view, adding that Bitcoin and Ethereum ETFs faced similar review cycles before receiving approval.

XRP Price Holds Steady as Regulatory Decisions Loom

Despite the regulatory hold-up, XRP continues to show resilience in the market. The token is currently trading at $2.25, marking a 2% gain in 24 hours and a 0.50% rise in over a week.

With a circulating supply of 58 billion XRP, the asset holds a market capitalization close to $131 billion, keeping it among the largest digital assets by market value.

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