SEC delays decision on Franklin Templetons Spot XRP ETF
SEC delays decision on Franklin Templetons Spot XRP ETF
- The US SEC has postponed its decision on the approval or rejection of Franklin Templeton's application for a Spot-XRP ETF.
- The SEC has extended the examination period for the XRP ETF by June 17, 2025.
- ETF expert James Seyffart says that most final judgments about most ETF suggestions are felled in October or later.
The US Securities and Exchange Commission has postponed its decision on the proposed Spot-XRP-Exchange-Traded Fund from Franklin Templeton.
The announcement of the SEC of April 29, 2025 states that the authority now has time until June 17, 2025.
Up to this date a decision must be made whether the XRP-Spot-ETF is approved or rejected.
A new delay gives the authority more time to evaluate Franklin Templeton's proposal.
SEC shifts decision on the XRP ETF by Franklin Templeton
according to the The SEC needs a longer one Period to evaluate Franklin Templeton's application, which was originally submitted on March 19, 2025.
The proposal aims to list and act shares of the Franklin XRP find under the NYSE Arca Rule 8.201-E.
The SEC found that the extended examination period, which is now set for 45 days, may be extended by up to 240 days after the original publication in the Federal Register, which could shift a final decision by mid -October 2025.
According to the submission of the SEC, the delay is legally permitted and gives its time to thoroughly examine the proposed change of rule and to assess their agreement with the requirements of the self -regulation organization.
not completely new, the step fits a pattern of cautious considerations that the SEC has accepted in relation to cryptocurrency-related financial products and took the years to approve spot-bitcoin ETFs and ether spot ETFs.
ETF analyst to the next steps
Despite the delays, the demand from investors remains strong for such crypto ETFs.
In the past few months, emitters have submitted over 70 proposals to seek approval to list Exchange-Traded Funds on top altercoins. XRP, Solana, Litecoin, Hedera and Dogecoin are among the most expected.In terms of the delay, Bloomberg said ETF-Analyst James Seyffart, expect that further delays could occur this week and the coming days.
It is noteworthy that the authority has also postponed its decisions about Ethereum-Staking and Dogecoin ETFs.Seyffart assumes that the final deadlines for most ETF submissions will be in October 2025 or later.
"I expect further delays today or at least this week at some Solana and Hedera/Hbar ETF submissions. This is expected in my opinion. The final deadlines for most of these things are in October 2025 or later," noted Seyffart.
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