- The SEC has delayed its decision on Franklin Templeton’s spot XRP ETF until June 17, 2025, citing the need for more time to evaluate the proposal.
- While XRP briefly dropped below $2.30 following the news, analysts believe the delay is procedural and aligns with previous ETF approval timelines for Bitcoin and Ethereum.
The U.S. Securities and Exchange Commission (SEC) has once again hit pause on a high-profile crypto ETF. This time, the delay targets Franklin Templeton’s spot XRP ETF, with the decision now postponed until June 17, 2025. While the news may seem discouraging at first glance, analysts suggest this is a procedural move — not a rejection — consistent with earlier ETF approval paths for Bitcoin and Ethereum.
SEC Pushes XRP ETF Decision to Mid-2025
Franklin Templeton, a $1.5 trillion asset manager, is the largest institution so far to file for a spot XRP ETF, formally listed as the Franklin XRP Fund through the Cboe BZX Exchange. Originally expected to receive a ruling by May 3, the SEC now says it needs more time to fully assess the proposal and related regulatory concerns.
The XRP ETF joins a growing queue of crypto-related exchange-traded fund applications, including proposals tied to Ethereum (ETH), Dogecoin (DOGE), and Solana (SOL). According to Bloomberg ETF analyst James Seyffart, such delays are part of the standard review process and do not indicate increased risk of denial.
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
Market Reaction: XRP Drops, But Optimism Persists
Within hours of the announcement, XRP’s price dipped below $2.30, closing the day with a 3% loss. However, the broader trend remains mildly bullish, with XRP trading at approximately $2.24, up 7% on the week. Analysts warn that breaking below the $2.00 support could dampen recovery prospects, but they remain cautiously optimistic.
Eric Balchunas, Bloomberg’s Chief ETF Analyst, reminded investors that Bitcoin and Ethereum ETFs also faced similar delays before ultimately gaining approval. This suggests XRP’s ETF could still be on track — just on a longer timeline.
What’s Next for XRP and ETF Prospects?
While regulatory inertia can frustrate investors, the historical pattern suggests eventual movement in a positive direction. The demand for Bitcoin ETFs and recent Ethereum developments are keeping market sentiment afloat.
If XRP can hold above $2.00, analysts believe the token has a fair chance of reclaiming $2.50 in the coming weeks — particularly if broader crypto market conditions remain favorable.
In short, while the SEC’s delay isn’t great news for short-term traders, it does not spell doom for Franklin Templeton’s XRP ETF. Patience may yet pay off for investors betting on crypto’s next big leap into institutional finance.
ALSO READ:Brazil Launches First Spot XRP ETF, Setting Global Crypto Benchmark
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