XRP ETF Decision Delayed Until June 17

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the proposed XRP exchange-traded fund by Franklin Templeton, citing the need for additional time to evaluate the application. The delay pushes the decision date to June 17, 2025, instead of the original deadline of May 3.

The application, submitted by the Cboe BZX exchange on March 13, officially entered the initial 45-day review period on March 19. The SEC's delay follows a familiar regulatory pattern observed in previous cryptocurrency ETF proposals.

Franklin Templeton, one of the largest asset management firms with over $1.5 trillion in assets under management, has been at the forefront of efforts to bring XRP-based investment products to traditional markets. In April, the firm filed an S-1 registration with the U.S. Securities and Exchange Commission, indicating growing interest from institutional investors in cryptocurrency-based exchange-traded funds.