U.S. SEC Postpones Decision on Franklin Templeton’s Spot XRP ETF
- The SEC postpones Franklin’s spot XRP ETF decision to June 17.
- XRP gains momentum after futures ETF approval.
- Analysts see XRP heading toward the $4–$6 range.
The U.S. Securities and Exchange Commission (SEC) delayed its decision about Franklin Templeton’s spot XRP ETF, with the deadline now set on June 17, 2025.
It came through in a filing that was signed by Sherry Haywood, Assistant Secretary of the SEC. The extension now allows another 45 days for a decision, keeping investors on the edge.
This follows closely on the heels of the SEC approval of the first-ever XRP futures ETF by ProShares. Which many perceive as dramatically enhancing the chances of a spot XRP ETF approval in the not-too-distant future.
What the Experts Say
James Seyffart, a Bloomberg ETF analyst, added that though the SEC formally has until mid-October to make a final ruling on the spot XRP ETF, it may do so earlier. With the approval in recent times of the XRP futures ETF and increased institutional attention, there could be signs of regulatory winds being in XRP’s favor.
To the positive mood is the pro-crypto stance of the Trump administration. Which has put digital assets at the center of its overall economic agenda.
Market Reactions and XRP Outlook
XRP responded positively to the SEC action. The token saw a 1% price surge following the announcement, trading at approximately $2.30 during the North American mid-day session.
With a fully diluted market capitalization of almost $229 billion and daily trade volume of $2.5 billion, XRP is still gaining popularity among institutional investors.
Crypto analyst MikyBull noted that XRP successfully retested support around $2. And may now be setting up to form a new price discovery phase, aiming for a range between $4 and $6 in the short term.
The crypto community now waits with bated breath for June’s ruling, hoping that a spot XRP ETF may be within reach more than ever.
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