Franklin Templeton XRP ETF Update

A pivotal regulatory milestone has been reached in the pursuit of a U.S. spot XRP exchange-traded fund. On June 17, 2025, the U.S. Securities and Exchange Commission (SEC) issued an official order to begin proceedings on whether to approve or disapprove the proposed rule change that would allow Cboe BZX Exchange to list and trade shares of the Franklin XRP ETF. While the commission has yet to make a final decision, Generation Infinity (@GenfinityIO) noted that this is a significant action that places the fund under detailed regulatory scrutiny and also puts pressure on the SEC to decide on the ETF. Details Behind the ETF Proposal The Franklin XRP Trust aims to issue an ETF that holds physical XRP, with Coinbase Custody Trust Company serving as custodian. If approved, the ETF would track the CF Benchmark CME XRP-Dollar Index. The fund would only hold XRP, cash, and cash equivalents, and calculate net asset value daily at 4:00 p.m. ET using the benchmark index. The process began on March 13, 2025, when Cboe BZX submitted its proposal . It was published in the Federal Register on March 19. On April 29, the SEC exercised its authority to extend the review period to June 17. By June 17, the Commission had decided to formally open proceedings to determine whether the proposal was consistent with the requirements of the Exchange Act. According to Generation Infinity, the next major deadline is expected around September 9, which marks the 180-day review threshold. $XRP ETF UPDATE (June 17) The SEC has officially opened proceedings to determine whether to approve or disapprove the proposed listing of the Franklin XRP ETF on Cboe BZX. Here’s what it means — and the key dates you should know What’s Being Proposed: – Franklin XRP… pic.twitter.com/Q5dEyWvGLe — Generation Infinity (@GenfinityIO) June 18, 2025 We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Regulatory Standards Under Evaluation The SEC’s proceeding focuses on whether the listing complies with Section 6(b)(5) of the Exchange Act. This provision requires that exchange rules be designed to prevent fraud and manipulation and protect investors and the public interest. According to the order, the SEC will conduct additional analysis and is actively requesting written public comments . The key concern is whether the XRP market is structured in a way that supports fair pricing and can resist manipulation. Interested parties are invited to submit written comments regarding the sufficiency of the Exchange’s arguments and whether the fund should be approved. In particular, the Commission is seeking opinions on whether the proposal raises “any new or novel concerns” not addressed in past decisions. All submissions are due by the end of July. Other countries are already taking the lead, as Canada recently launched its first spot ETF . The SEC will need to expedite the process if it plans to follow Trump’s agenda of making the U.S. the global leader in cryptocurrency. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Franklin Templeton XRP ETF Update appeared first on Times Tabloid .

Source: TimesTabloid