Tag: delays

The SEC delays the decision about the XRP ETF of Franklin Templeton

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  • The United States has delayed its decision to approve or disapprove Franklin Templeton’s request for an XRP cash.
  • The SEC has extended the ETF XRP review period until June 17, 2025.
  • ETF expert James Seyffart says that most final verdicts for most ETF proposals are made in October or later.

The US stock and values ​​commission. UU. (SEC) has postponed its decision on the Bag in the Bolsa (ETF) of XRP to the counted proposed by Franklin Templeton.

The announcement of the SEC, of ​​April 29, 2025, establishes that the regulator will have until June 17, 2025. This is the deadline to decide whether to approve or reject the XRP ETF in cash. A new delay gives the agency more time to evaluate Franklin Templeton’s proposal.

The sec postpones the decision about the ETF XRP of Franklin Templeton

According to the presentation Of the SEC, the agency requires a longer period to evaluate Franklin Templeton’s request, which was initially presented on March 19, 2025.

The proposal aims to list and negotiate actions of the Franklin XRP fund under rule 8.201-E of Nyse Arca. The SEC said that the extended review period, now established in 45 days, can be extended even more to 240 days from the initial publication in the Federal Registry, which could delay a final decision until mid -October 2025.

According to the presentation of the SEC, the delay is within the law and offers time to thoroughly examine the proposed rule change and its alignment with the requirements of the self -regulating organization. It is not completely new, the measure is aligned with a cautious deliberation pattern that the SEC has adopted with respect to financial products related to cryptocurrencies, after taking years to approve the Bitcoin ETF spot and ETF spot of Ether.

What comes below according to the ETF analyst?

Despite the delays, the demand for these ETF of cryptocurrencies by investors continues to increase. In recent months, issuers have submitted more than 70 proposals seeking authorization to include funds quoted in the stock market (ETF) in the main Altcoins. XRP, Solana, Litecoin, Hedera and Dogecoin are among the most anticipated.

In relation to the delay, Bloomberg’s ETF analyst James Seyffart, affirmed which provides for more DEC delays this week and in the next few days. It should be noted that the regulator has also postponed its decisions about Ethereum Staking and the ETFs of Dogecoin. Seyffart anticipates that the limit dates for most ETF presentations will be in October 2025 or later.

Seyffart said: «Prevent more delays today, or at least this week, in some presentations of ETF of Solana and Hedera/Hbar. It is expected, in my opinion. The final deadline for most of these procedures is October 2025 or later ».

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Ripple delays its public price despite the clarity of the SEC and a value of 11.3 billion dollars

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  • Ripple has raised 318.5 million dollars in total, backed by Andreessen Horowitz and others.
  • Acquire Hidden Road for 1,250 million dollars to expand in digital finances.
  • The launch of the stable RLUSD currency positions Ripple for a broader role in the market.

Ripple has confirmed that he will not make an initial public offer (OPI) in 2025, which marks a notable change after years of market speculation. Despite having resolved a high profile dispute with the US stock and values ​​commission. UU. (SEC), the company behind XRP states that it has no intention of going over. Instead, Ripple focuses on alternative growth strategies, including important acquisitions, while preparing to become a global actor both in traditional and digital finances. The announcement has surprised veteran analysts and investors, who considered an OPI as the next logical step after the legal clarity and solid financial position of Ripple.

Ripple slows his supter plans despite his financial stability

Ripple’s decision to delay his IPO comes at a time when the company is possibly better positioned than ever.

President Monica Long told CNBC that Ripple has billions of dollars in reservations and does not require external capital to finance operations or raise its profile.

In general, IPO are carried out to ensure financing or increase visibility, but Ripple states that none of these objectives is necessary.

The company had already considered the possibility of going over, especially after obtaining partial legal clarity in its battle with the SEC.

Executive director Brad Garlinghouse declared in 2023 that an IPO was not ruled out, but since then he confirmed that the price is not a short -term priority.

The repurchase of Ripple shares in early 2024 valued the company at 11.3 billion dollars, below the maximum of 15,000 million dollars reached in 2022, indicating a cooling of the previous enthusiasm of investors.

The repurchases of shares and financing reconfigure the capital base of Ripple

In January 2024, Ripple repurified shares worth $ 285 million to a reduced assessment, which raises total financing to 318.5 million dollars to date.

While that figure may seem modest compared to public technological giants, the Ripple sponsors list remains remarkable.

Among investors are included Andreessen Horowitz, Founders Fund and Google Ventures, indicating that the support of Ripple risk capital remains strong even in the absence of a public contribution.

The repurchase also offered the first shareholders a partial departure, which suggests that Ripple could be readjusting its investor base in preparation for a longer term strategy that does not depend on an IPO.

The strategic approach focuses on the acquisitions and stable currencies

Instead of quoting in the stock market, Ripple is redoubled his efforts in strategic acquisitions to boost his growth. Recently, the company acquired Hidden Road for 1,250 million dollars.

Hidden Road is a digital asset brokerage platform that processes more than 3 billion dollars in annual transactions. Ripple expects this agreement to significantly strengthen its presence in the global financial ecosystem.

This acquisition is aligned with Ripple’s efforts to enter the stable currency market.

The company is preparing to launch Rlusd, a token backed in dollars that could compete with existing currencies such as USDC and Tether.

By merging traditional financial infrastructure with native cryptocurrency tools, Ripple points to a broader role in cross -border payments and liquidity solutions.

Ripple’s change raises questions about cryptocurrency IPO trends

Ripple’s change of direction can also reflect broader market conditions.

The OPI market has remained warm since 2022, and technology companies are increasingly cautious when it comes to giving it in the midst of macroeconomic volatility and regulatory obstacles.

Ripple hesitation could be a sign that cryptocurrency companies are re -evaluating the usefulness and risks of public contributions.

Although there are no immediate plans to go over, Ripple is still a dominant actor in the space of digital assets.

His legal clarity in the US, its wide associations abroad and its renewed focus on tokenized finances suggest that the company is betting on long -term infrastructure over the short -term market attention.

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