Franklin Templeton Spot XRP ETF Is Set for SEC Decision. Here’s the Deal Date

A pivotal moment for digital asset markets looms as the U.S. Securities and Exchange Commission (SEC) prepares to rule on Franklin Templeton’s spot XRP ETF application. With the deadline now set for June 17, 2025, industry participants and investors are closely monitoring developments that could reshape the landscape for cryptocurrency investment products. Xaif (@Xaif_Crypto), a prominent voice on X, shared the update with the XRP army, showcasing anticipation for the upcoming ETF decision. With institutional attention fixed firmly on this date, both market participants and retail investors are preparing for a potential turning point in XRP’s regulatory journey. BREAKING SEC Decision on Franklin Templeton Spot $XRP ETF Set for Thursday, June 17! pic.twitter.com/vHTDAprxFF — 𝕏aif | (@Xaif_Crypto) June 8, 2025 The Franklin Templeton Filing Franklin Templeton, a global asset manager, entered the XRP ETF race in March by submitting its application to list a spot XRP fund on the Cboe BZX Exchange. Following the mandatory 45‑day review period, initially set to expire in early May, the SEC formally extended its timeline to June 17, citing the need for “sufficient time to consider the proposed rule change and the issues raised therein.” This procedural delay mirrors past precedents. Bloomberg ETF analyst James Seyffart believes the June deadline will be moved, and expects most crypto ETPs to receive approval in mid-October. Broader XRP ETF Landscape Franklin Templeton is not alone in the pursuit of an XRP ETF. At least nine prominent institutions, including Bitwise, Grayscale, Canary Capital, 21Shares, WisdomTree, ProShares, CoinShares, and Volatility Shares, have filed for XRP-based ETFs. Renewed optimism has accompanied the shift in SEC leadership. Under President Trump’s crypto-friendly administration and Paul Atkins at the helm , experts expect a healthy regulation. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Applications from Grayscale to convert its XRP Trust into a spot ETF, and 21Shares to establish a core XRP ETF, are currently progressing through the SEC’s review process. However, the Grayscale application deadline has been extended twice , suggesting other applications could follow a similar pattern. XRP’s Reaction and Chances of ETF Approval The market’s response has been measured. XRP is trading at $2.24, up over 3% in 24 hours. Meanwhile, prediction markets reflect a longer-term confidence. As of early June, a TimesTabloid report showed that Polymarket data suggested a 90% likelihood of XRP ETF approval by the end of 2025. Additional tailwinds may influence the SEC’s outlook. In May, CME Group launched XRP futures contracts , addressing prior concerns about market surveillance and mature price mechanisms. Analysts observe that regulated futures have historically bolstered SEC confidence in approving spot ETFs. The community is waiting to see what the SEC will do on June 17. 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 Spot XRP ETF Is Set for SEC Decision. Here’s the Deal Date appeared first on Times Tabloid .

Source: TimesTabloid