XRP News Today: SEC Invites Public Comment on Franklin XRP Spot ETF Listing

The U.S. Securities and Exchange Commission (SEC) has initiated proceedings to decide on a proposed rule change that would allow the listing and trading of shares of the Franklin XRP Spot ETF. This development follows an initial delay in April 2025, which postponed the decision to June 17, 2025. On this new date, the SEC published an order inviting public comment on the matter.

The proposal, submitted by Cboe BZX Exchange, Inc., seeks to list and trade shares of the Franklin XRP ETF under BZX Rule 14.11(e)(4), which pertains to Commodity-Based Trust Shares. The rule change was originally filed on March 13, 2025, and published for comment in the Federal Register on March 19, 2025. The SEC, invoking Section 19(b)(2) of the Securities Exchange Act of 1934, designated a longer period for deliberation before issuing this latest call for comments.

Following the delay to June 17, the SEC is now formally inviting public input. The deadline for comments and any rebuttals is scheduled for late July. This comment period is a key procedural step in the SEC’s review of the ETF, allowing market participants, stakeholders, and members of the public to provide their perspectives. Interested parties are invited to submit their responses through the SEC’s official channels, as outlined in the Commission’s release and on its website.

Reactions from observers on social media platforms illustrated divergent sentiments on the SEC’s timeline and overall handling of the ETF review. Some users characterized the SEC’s move as significant for the broader digital asset investment landscape, describing it as “a pivotal moment for the future of crypto ETFs in the U.S.” Others criticized the SEC’s timeline, questioning why the comment process did not begin sooner and expressing frustration with the agency’s past approach to XRP-related issues.

The SEC’s review of the Franklin XRP Spot ETF is unfolding in a broader regulatory context marked by increased scrutiny and evolving standards for digital asset-based investment products. While Bitcoin and Ethereum ETFs have seen growing acceptance, proposals tied to other cryptocurrencies, such as XRP, continue to face rigorous examination. The public comment phase will play a key role in shaping the outcome of this proposal, with the Commission likely to consider both technical compliance and broader market implications before rendering a final decision.

According to the official documentation attached to the June 17 order, the SEC has not yet taken a definitive stance on the proposal. The Commission will use the feedback received to guide its eventual ruling. The current deadline for a final determination remains tied to the close of the public comment and rebuttal period set for late July 2025.