XRP News Today: SEC Initiates Review of Franklin XRP ETF Decision Due September 2025

The U.S. Securities and Exchange Commission (SEC) has initiated a formal review process for the spot XRP exchange-traded fund (ETF) proposed by Franklin Templeton. The SEC has set September 9, 2025, as the final decision date for the approval of the Franklin XRP ETF. This ETF, if approved, would hold physical XRP, with custody provided by Coinbase Custody Trust. The ETF would track the CF Benchmark CME XRP-Dollar Index and be listed under Cboe’s BZX Exchange, following the same rules used for other commodity-based trusts.

The SEC is currently in the “Order Instituting Proceedings” phase, which involves a formal investigation to gather opinions and data. The agency is assessing whether the XRP ETF can protect investors, prevent market manipulation, and meet legal standards. The review process began in March 2025, and the SEC is expected to reach a decision by September 9, 2025, either approving or rejecting the ETF.

In addition to its internal review, the SEC has opened public comments to gather feedback on the stability and maturity of the XRP market. This move indicates the SEC's interest in ensuring that the market is robust enough to handle an ETF without price manipulation or unfair trading practices. The public's input will be crucial in shaping the SEC's final decision.

The outcome of this review is highly anticipated, as the approval of the XRP ETF could mark a significant milestone for XRP and the broader cryptocurrency market. It would provide investors with a regulated and accessible way to gain exposure to XRP, potentially leading to greater acceptance of cryptocurrencies by regulatory authorities. This could pave the way for the approval of other cryptocurrency-based financial products and further integrate cryptocurrencies into the mainstream financial system.

Investors and industry experts are closely monitoring the SEC's review process, as the decision will have far-reaching implications. The approval of the XRP ETF would not only offer a new investment opportunity but also signal a broader acceptance of cryptocurrencies. The SEC's decision will ultimately depend on its assessment of the potential risks and benefits associated with the ETF, as well as its broader regulatory objectives for the cryptocurrency market.