SEC Delays XRP ETF Until June 17 — Procedural or Political? The Crypto Market Holds Its Breath
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Franklin Templeton’s spot XRP ETF, extending the review period to June 17, 2025. This delay, while procedural, has sparked renewed debate about regulatory transparency and the future of altcoin ETFs in institutional finance. Despite the temporary setback, analysts note that similar delays preceded the approvals of Bitcoin and Ethereum ETFs. XRP, which briefly dipped 3% on the news, remains under close watch by investors as part of a broader regulatory review that includes Ethereum, Dogecoin, and Solana ETFs. Franklin Templeton, managing $1.5 trillion in assets, is positioning XRP as a strategic institutional product, signaling deepening confidence in utility-driven crypto assets. The next decision deadline could mark a pivotal moment for XRP’s legitimacy on Wall Street.
2025-04-30Read