Hereās a new and updated version of the XRP ETF news written in a clean, informative news-style format, incorporating all the latest details as of June 18, 2025:
šØ SEC Opens Official Review into Franklinās XRP ETF Proposal
Washington, D.C. ā June 17, 2025
The U.S. Securities and Exchange Commission (SEC) has formally launched its review of the Franklin XRP Trust ETF, a significant development in the ongoing expansion of crypto-backed exchange-traded funds. The move, announced Monday, initiates a public comment period and brings the prospect of an XRP-based ETF one step closer to reality.
š§¾ What the Proposal Entails
The Franklin XRP Trust, submitted in March, is designed to offer investors a physically backed XRP ETF. If approved, it would trade on the Cboe BZX Exchange and track the CME CF XRP-Dollar Reference Rate, an institutional-grade price benchmark. Coinbase Custody Trust Company would serve as the custodian for the XRP held by the trust.
Shares of the ETF would be created and redeemed in blocks of 50,000, in accordance with Cboe BZX Rule 14.11(e)(4)āthe same rule governing other commodity-based trust shares like gold ETFs.
āļø SECās Concerns & Investigation Areas
In the Order Instituting Proceedings, the SEC emphasized its intent to evaluate whether the XRP ETF complies with Section 6(b)(5) of the Securities Exchange Act. Specifically, the agency is seeking input on:
ā¢ Market manipulation risks
ā¢ XRP marketās pricing reliability
ā¢ Investor protections and market transparency
The SEC is now inviting public comment on the proposalāboth from industry experts and the general public. This feedback will factor into the final decision.
š Timeline & Deadlines
ā¢ March 13: Proposal filed with the SEC
ā¢ March 19: Published in the Federal Register
ā¢ June 17: SEC opens formal review proceedings
ā¢ šļø September 9, 2025: Deadline for final decision (180-day window)
š XRP Price Update & Market Sentiment
Despite the regulatory scrutiny, XRP maintains a bullish technical outlook, according to analysts. Popular crypto analyst XForceGlobal noted that XRP is following a textbook Elliott Wave pattern, suggesting more upside is possible if current support levels hold.
At the time of writing, XRP is trading at $2.14, down 2.85% in the past 24 hours and 7.44% over the week. However, analysts point to long-term bullish momentum if ETF approval materializes.
š¬ What This Means
The SECās decision to formally open proceedings doesnāt guarantee approval, but itās a major milestone. With Ethereum ETFs already gaining traction, XRP could become the next altcoin to break into the ETF marketāpending regulatory greenlight.
If approved, the Franklin XRP ETF would mark the first XRP-backed fund available to traditional investors, potentially unlocking billions in institutional capital.
Stay tuned as the September 9 decision deadline approaches.
Let me know if youād like a shorter social-media-ready version or a breakdown for investors.$XRP