SEC Delays Decision on XRP ETF to November
- SEC delays XRP ETF decision, impacting market dynamics.
- Franklin Templeton’s application extended to November 2025.
- No immediate market volatility; XRP remains stable.
The U.S. SEC has postponed its decision on Franklin Templeton’s XRP ETF application to November 14, 2025, pushing the review to the statutory limit.
The decision delay shows ongoing regulatory scrutiny, influencing market confidence but leaving XRP price stable above $3 with minimal impact on related cryptocurrencies.
The U.S. SEC has delayed its decision on Franklin Templeton’s application for a spot XRP ETF. Scheduled for initial consideration, the review now extends to the statutory maximum date of November 14, 2025.
Franklin Templeton, a notable U.S. asset manager, submitted the ETF application to the Cboe BZX Exchange. No public statements have been released by Franklin Templeton’s executive leadership following the announcement.
XRP’s price remained stable, briefly trading above $3 post-announcement. Markets reflected a neutral stance, with probability markets predicting high odds of ETF approval by year’s end.
No shifts in total value locked, liquidity, or staking were evident post-decision. This procedural delay aligns with previous SEC strategies, as seen in earlier ETH and BTC ETF reviews.
The delay’s impact extends to related assets, yet no direct consequences for large-cap cryptos like ETH or BTC. Investors anticipate similar procedures for forthcoming ETF applications.
Historical trends indicate routine procedural delays lead to short-term uncertainty. Typically, market stability is restored as deadlines are met, with potential regulatory insights drawn from SEC’s evolving stance on crypto-based ETFs: “The Commission finds it appropriate to designate a longer period within which to take action so that it has sufficient time to consider” the application, setting November 14, 2025, as the new deadline.
