• The US SEC has delayed its determination to approve or disapprove Franklin Templeton’s Spot XRP ETF utility.
• The SEC has prolonged the evaluation interval for the XRP ETF to June 17, 2025.
• ETF professional James Seifert says that many of the ultimate verdicts for many ETF proposals will happen after October.

The Securities and Change Fee has postponed Franklin Templeton’s determination concerning the proposed Spot XRP Change-Traded Fund.

An announcement by the SEC on April 29, 2025 states that regulators can be there by June 17, 2025.

That is the date that you must resolve whether or not to approve or reject the XRP Spot ETF.

The brand new delays enable brokers to present extra time to judge Franklin Templeton’s proposal.

SEC postpones Franklin Templeton’s determination concerning XRP ETF

In line with SEC filings, the company would require an extended interval to judge the Franklin Templeton utility, initially filed on March 19, 2025.

This proposal is meant to listing and commerce shares within the Franklin XRP Fund beneath NYSE ARCA Rule 8.201-E.

The SEC famous that the prolonged evaluation interval, at present set at 45 days, might be prolonged to a different 240 days from the primary publication within the federal register, and will delay the ultimate determination till mid-October 2025.

With every SEC submitting, the delay is throughout the regulation and supplies time to totally contemplate adjustments to proposed guidelines and alignment with the necessities of self-regulatory organisations.

Though not totally new, this transfer coincided with the cautious deliberation sample adopted by the SEC on crypto-related monetary merchandise, and it took years to approve spot Bitcoin ETFs and ether spot ETFs.

What’s subsequent?

Regardless of the delays, buyers’ demand for such crypto ETFs continues to rise sharply.

Over the previous few months, issuers have submitted greater than 70 proposals to hunt inexperienced gentle to listing change gross sales funds for prime altcoins. XRP, Solana, Litecoin, Hedera, and Dogecoin are probably the most and most anticipated.

Bloomberg ETF analyst James Seyfert commented on the delays and mentioned he was wanting ahead to extra delays for these SECs this week and within the coming days.

Specifically, regulators additionally postponed rulings concerning Ethereum staking and Dogcoin ETFs.

Seyffart expects the ultimate deadline for many ETF submissions to be after October 2025.

“I am hoping for extra delays at present or a minimum of this week in Solana and Hedera/hbar ETF filings. That is anticipated to be IMO. Most ultimate intervals of issues like this can be from October 2025 onwards,” identified Seyfert.