The official process for the XRP ETF begins
Recently, the approval process for the XRP ETF in the U.S. financial market has officially begun. The U.S. Securities and Exchange Commission (SEC) has initiated the formal review process for Franklin XRP ETF's draft. This initiative by Franklin Templeton aims to expand the listing capabilities of physical XRP, similar to existing Bitcoin ETFs. The fund will store Tokens through Coinbase Custody Trust while tracking the CF Benchmark CME XRP-Dollar Index. The listing is expected on the Cboe BZX Exchange, in accordance with regulations for commodity-based funds.
The impact of the XRP ETF on the cryptocurrency market
The SEC's approval or disapproval of the XRP ETF is a significant turning point. It not only directly affects the price of XRP – currently around $2.12, up 4.14% in the past 24 hours – but also opens up the potential for broader market acceptance of true cryptocurrencies. The cryptocurrency market may experience a leap forward as traditional investors begin to embrace digital assets as legitimate trading instruments. This development will also help reinforce community trust, laying the groundwork for physical asset-based ETFs to become the new standard.
The SEC has a deadline for the final decision on September 9, 2025
Before making a decision, the SEC has moved to the 'Establishment Process' phase – an official investigation process aimed at determining the safety and suitability of the XRP ETF. The agency is gathering community opinions, analyzing data, to assess whether the fund will adequately protect investors, limit market manipulation, and comply with legal requirements. The deadline for this decision is September 9, 2025, raising expectations and also presenting a significant challenge for cryptocurrency ETFs based on physical assets.
Essential issues in the SEC's review process
During the review process, the SEC is particularly concerned about the maturity of the XRP market, the ability to control price manipulation, and potential fraudulent activities. The agency has also called on the community to provide feedback on the risks and benefits of having a physical XRP ETF in the open market. Experts predict that if the SEC approves, it would be a major turning point, providing a strong boost to the price of XRP and the entire sector of cryptocurrency based on physical assets.
The potential for change of XRP in the new context
In the waiting context, XRP shows strength by holding steady at a price of $2.12, reflecting investor positivity. The SEC's potential approval of the XRP ETF would open doors for institutional and individual investors, boosting liquidity and fostering more sustainable development in the cryptocurrency market. As September approaches, all eyes will be on the SEC's final decision, which could reshape the entire acceptance process of physical cryptocurrencies in the mainstream market.
Source: https://tintucbitcoin.com/uy-quyen-phe-duyet-xrp-etf-thang-9/
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