XRP News Today: SEC Delays Decisions on XRP and Solana ETFs Amid Regulatory Scrutiny

Coin WorldWednesday, Jun 18, 2025 3:26 am ET
2min read

The U.S. Securities and Exchange Commission (SEC) has officially delayed decisions on two additional ETFs, adding them to a growing list of applications now facing extended timelines. According to separate filings published on Tuesday, June 17, the SEC is initiating formal proceedings to determine whether to approve or deny Franklin Templeton’s proposed XRP (XRP) and Solana (SOL) ETFs. This move pauses the decision-making process for several weeks to allow for additional public input and internal review. The SEC’s decision adds to a growing trend of delays, coming just a week after it similarly postponed rulings on DOGE (DOGE), AVAX (AVAX), and HBAR (HBAR) ETFs.

While not a rejection, the delay marks a setback for rising market expectations of an imminent approval. However, analysts remain optimistic. ETF analyst James Seyffart emphasized that the SEC’s delay is not unusual. He noted that while the approval timeline remains uncertain, active engagement from the commission is a “very positive” signal. Earlier this month, the analyst placed approval odds for both SOL and XRP ETFs at 90% and 85% respectively, citing the SEC’s current view of each asset, existing CFTC oversight of futures, and the strength of the filing institutions.

The delay in the decision aligns with Ripple's ongoing legal case with the SEC, which has been a significant factor in the regulatory scrutiny surrounding XRP. The SEC filed a lawsuit in December 2020, accusing Ripple and its executives of illegally selling XRP to investors without proper security registration. On July 13, 2023, a court ruled that Ripple’s sales of XRP to institutional clients constituted unregistered securities sales, giving the SEC a partial victory. Further legal proceedings are likely, with Ripple possibly appealing or presenting new arguments against the court’s decision.

The increased filings for XRP ETFs stem from the resignation of former SEC officials, which has led to a shift in the regulatory landscape. The delay has also sparked discussions about the potential impact on the crypto market, with some analysts predicting a surge in XRP's price if a spot ETF gets approved. According to the analyst's forecast, XRP could rally to $27 if the ETF hype continues to build.

Solana's ETF also faces scrutiny over staking, which has been a contentious issue in the regulatory environment. The delay in the decision has led to speculation about the potential approval of the ETFs, with some analysts predicting a surge in Solana's price to $300 if approved. The increased institutional appetite in the crypto market, driven by corporate buying and strong fundamentals, reflects the growing interest in these digital assets.

The delay in the decision has also led to discussions about the potential impact on the broader crypto market. Some analysts predict that the approval of spot ETFs for XRP and SOL could lead to a surge in their prices, reflecting the growing institutional interest in these digital assets. The delay has also sparked discussions about the potential impact on the broader crypto market, with some analysts predicting a surge in the prices of these digital assets if the ETFs are approved. The increased filings for XRP ETFs stem from the resignation of former SEC officials, which has led to a shift in the regulatory landscape. If approved, the regulator won't be able to delay ProShares' ETF beyond the set date. The delay has also sparked discussions about the potential impact on the crypto market, with some analysts predicting a surge in XRP's price if a spot ETF gets approved.