{"id":51537,"date":"2025-04-29T19:45:02","date_gmt":"2025-04-29T19:45:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sec-delays-decision-on-franklin-templetons-spot-xrp-etf\/"},"modified":"2025-04-29T19:45:02","modified_gmt":"2025-04-29T19:45:02","slug":"sec-delays-decision-on-franklin-templetons-spot-xrp-etf","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sec-delays-decision-on-franklin-templetons-spot-xrp-etf\/","title":{"rendered":"SEC delays decision on Franklin Templeton\u2019s spot XRP ETF"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/Crypto.com-sues-the-US-SEC-after-Wells-notice-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/Crypto.com-sues-the-US-SEC-after-Wells-notice-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/Crypto.com-sues-the-US-SEC-after-Wells-notice-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/Crypto.com-sues-the-US-SEC-after-Wells-notice-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>The US SEC has delayed its decision to approve or disapprove Franklin Templeton\u2019s application for a spot XRP ETF.<\/li>\n<li>SEC has extended the period of review for the XRP ETF to June 17, 2025.<\/li>\n<li>ETF expert James Seyffart says most of the final verdicts for most ETF proposals are made in October or later.<\/li>\n<\/ul>\n<p>The US Securities and Exchange Commission has postponed its decision on Franklin Templeton\u2019s proposed spot <a href=\"https:\/\/coinjournal.net\/news\/tag\/xrp\/\">XRP<\/a> exchange-traded fund.<\/p>\n<p>SEC\u2019s announcement on April 29, 2025, states that the regulator will now have until June 17, 2025.<\/p>\n<p>This is the date by which it will have to make a decision on whether to approve or reject the XRP spot ETF.<\/p>\n<p>A fresh delay allows the agency more time to evaluate the Franklin Templeton proposal.<\/p>\n<h2>SEC postpones decision on Franklin Templeton\u2019s XRP ETF<\/h2>\n<p>According to the SEC\u2019s <a href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/nysearca\/2025\/34-102942.pdf\" target=\"_blank\" rel=\"noopener\">filing<\/a>, the agency requires a longer period to assess Franklin Templeton\u2019s application, which was initially filed on March 19, 2025.<\/p>\n<p>The proposal aims to list and trade shares of the Franklin XRP Fund under NYSE Arca Rule 8.201-E.<\/p>\n<p>SEC noted that the extended review period, now set at 45 days, may be further prolonged up to 240 days from the initial publication in the Federal Register, potentially delaying a final decision until mid-October 2025.<\/p>\n<p>Per the SEC\u2019s filing, the delay is within the law and offers it time to thoroughly examine the proposed rule change and its alignment with self-regulatory organization requirements.<\/p>\n<p>Not entirely new, the move aligns with a pattern of cautious deliberation the SEC has adopted regarding crypto-related financial products, having taken years to approve spot Bitcoin ETFs and Ether spot ETFs.<\/p>\n<h2>ETF analyst on what\u2019s next?<\/h2>\n<p>Despite delays, investor demand for such crypto ETFs continues to surge.<\/p>\n<p>Over the past few months, issuers have filed <a href=\"https:\/\/coinjournal.net\/news\/sec-postpones-decisions-on-polkadot-and-hedera-etfs-over-70-filings-await-clarity\/\">over 70 proposals<\/a> seeking a green light to list exchange-traded funds on top altcoins. XRP, Solana, Litecoin, Hedera, and Dogecoin are among the most highly anticipated.<\/p>\n<p>Commenting on the delay, Bloomberg ETF analyst James Seyffart <a href=\"https:\/\/x.com\/JSeyff\/status\/1917269792492249226\" target=\"_blank\" rel=\"noopener\">said<\/a> he expects more of these SEC delays this week and in the coming days.<\/p>\n<p>Notably, the regulator has also deferred its rulings on Ethereum staking and Dogecoin ETFs.<\/p>\n<p>Seyffart anticipates that final deadlines for most of the ETF filings will be in October 2025 or later.<\/p>\n<blockquote>\n<p>\u201cI am expecting more delays today or at least this week on some Solana and Hedera\/HBAR ETF filings. This is expected IMO. Final deadlines for most of this stuff is in October 2025 or later,\u201d Seyffart noted.<\/p>\n<\/blockquote>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/sec-delays-decision-on-franklin-templetons-spot-xrp-etf\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) The US SEC has delayed its decision to approve or disapprove Franklin Templeton\u2019s application for a spot XRP ETF. SEC has extended the period of review for the XRP ETF to June 17, 2025. ETF expert James Seyffart says most of [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":51538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51537"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51537"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51538"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}