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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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