- SEC delays XRP ETF decision to June 2025.
- XRP price sees immediate market impact.
- Uncertainty affects institutional investment trends.
The U.S. Securities and Exchange Commission has extended the review period for the Franklin Templeton spot XRP ETF proposal to June 17, 2025. This decision is pivotal due to significant institutional and retail interest. In a recent SEC official notice, it was stated:
“The Securities and Exchange Commission… extended the review period for Franklin Templeton’s spot XRP ETF filing to June 17, 2025, to evaluate the proposed rule change and address regulatory issues raised in the filing.”
Franklin Templeton, a known player in traditional and digital asset management, has not released an official statement about the extension. The SEC’s decision came as market monitors noted the implications of such moves historically.
Following the announcement, the market saw XRP’s price drop below $2.30, marking a 3% daily decline. Speculative interest remains around the ETF outcome, influencing current trading behavior.
The financial implications could be vast if the ETF gets approved, potentially bringing significant capital into XRP. However, regulations continue to delay altcoin ETFs, impacting XRP’s perceived future value.
Historical trends show post-deadline trading activity surges, but uncertainty affects investor confidence. Market participants await further developments, which are critical for upcoming financial strategies.
The potential approval of the XRP ETF could lead to increased institutional interest, impacting the digital asset market positively. Traders continue to monitor regulatory updates, speculating on the ETF’s effects on asset prices.
