XRP News Today: SEC Extends Franklin Templeton XRP ETF Review to July

The U.S. Securities and Exchange Commission (SEC) has extended the review period for Franklin Templeton’s spot XRP ETF filing, originally due by May 3. The SEC now plans to make a decision by late July after soliciting public comments. This delay comes as part of a broader regulatory shift following the resignation of former SEC officials, which has led to a change in the regulatory landscape. The SEC has opened a public comment period for this ETF and the proposed spot Solana ETF from the same firm, extending the review period to July.

Franklin Templeton, a $1.4 trillion investment giant, submitted its application in March 2025. It is the largest firm to file for a spot XRP ETF, joining other firms like Bitwise and 21Shares in the competition. Market observers do not interpret the delay as a negative sign but as part of the SEC’s due diligence process before granting approval. The move aligns with broader expectations that the SEC will approve some spot altcoin ETFs by 2025, with many speculating that XRP could be one of the first.

The delay in the decision has added tension to the market, as investors and traders await the outcome. For traders, this delay means increased volatility and potentially large moves in XRP’s price as the approval date approaches. For longer-term investors, the ETF could drive demand for XRP, leading to greater liquidity and price stability. This combination of elements can help attract bigger players like hedge funds and asset managers to the digital asset, marking a broader transformation of crypto into regulated financial products.

The approval of a spot XRP ETF would be a significant milestone not just for Ripple, but for altcoins in general entering ETF territory. If market predictions are correct, traders may want to start planning now, as the next few months could be critical for positioning ahead of what might be one of the year’s most important crypto events. The delay in approving the spot XRP ETF in the U.S. comes as the 3iQ XRP ETF was launched on the Toronto Stock Exchange, indicating growing interest in XRP-based investment vehicles.

The SEC's decision to delay the approval of Franklin Templeton's spot XRP ETF is part of a broader regulatory review process. The Cboe BZX Exchange initially filed for a proposed rule change with the SEC in March to allow for the approval of the investment vehicle, but the regulator delayed its decision in April, extending its review period. The SEC's notices, once published in the federal register, will extend the deadline for deciding on the Franklin Templeton ETFs by 35 days, moving it to July.

The delay in the decision has amplified investor uncertainty, as the market awaits the outcome of the regulatory review. The SEC's decision to open a public comment period for the spot XRP and Solana ETF proposals indicates a thorough review process, as the regulator seeks input from the public before making a final decision. The delay in the decision has also led to increased speculation and volatility in the market, as investors and traders await the outcome.