1. Delay of XRP ETF from Franklin Templeton
The SEC has postponed its decision on the 'Franklin Spot XRP ETF' to June 17, 2025, after it was originally scheduled to announce its decision on May 3.
The delay is considered an official procedural step, and the agency indicated its desire for ample time to study amendments and regulatory concerns in the request.
2. Delay of Solana funds and others
In March, a number of requests for spot funds based on Solana, XRP, Dogecoin, Litecoin, and others were postponed as part of ongoing reviews amid uncertainty and leadership transitions.
Some companies like Canary, 21Shares, and Bitwise submitted amendments to their Solana applications in June, but the SEC showed no 'urgency' to move forward with approvals.
3. Regulatory schedule and upcoming expectations
According to analyses from Bloomberg and CryptoSlate, the majority of these spot funds—XRP and Solana—may not receive final approval before the last quarter of 2025, with hopes to complete the reviews by the end of October and into November.
Analysts like James Seyffart said these delays are 'standard procedure' and not a rejection, with approvals likely to occur later.
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🏦 Motivations and impacts of the decision
Cautious adoption: The agency follows a strict scrutiny policy under new leadership (Paul Atkins) and seeks to evaluate applications thoroughly.
Reducing chaos: Direct approval of altcoin ETFs could disrupt the market, so caution is seen as a precautionary measure.
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⚖️ Important signals for Binance platform
1. Neutrality and regulation: This delay does not mean closing the door to approval, but rather a step towards better regulation.
2. Potential impact: If approved in the future, trading volume and liquidity for these assets on platforms like Binance may increase.
3. Importance of the news: Users should be informed that the delay is a normal procedure, and the market is due for reviews that may extend for months.
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✅ Current market status
Technical measures: Structuring applications at Franklin and others amended by companies like Bitwise and others show that the market seeks to comply with SEC standards.
Timeline: We anticipate late 2025 for final reviews, prior to any broader direct institutional market.
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🎯 Recommendations for Binance platform:
Ongoing monitoring of SEC decisions in June and October through November.
Immediate updates for users upon any change in the regulatory schedule.
Support translation and content on how any approval of XRP and Solana ETFs would affect liquidity, regulatory frameworks, and trading tools within the platform.
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In summary, what happened today is a natural step in the SEC's complex and rigorous reviews, but it does not constitute a rejection of XRP or Solana ETFs. We look forward to decisive rulings in late 2025, which could mark a milestone in institutional adoption of these assets.
