30-4-2025 – The Securities and Exchange Commission has extended its deliberation period regarding the XRP exchange-traded fund proposal from Franklin Templeton, the $1.5 trillion investment powerhouse that entered the cryptocurrency investment vehicle race this March.
Industry analysts anticipate a watershed moment for cryptocurrency-linked ETFs in autumn, with Bloomberg suggesting the SEC will likely deliver verdicts on multiple digital asset funds during the year’s final quarter. The XRP-focused investment products are expected to receive their regulatory fate by mid-October.
The regulatory landscape has shifted with Paul Atkins, known for his libertarian stance on cryptocurrencies, assuming leadership at the SEC following his successful Senate confirmation. Under his predecessor Mark Uyeda’s tenure, the commission had previously extended review windows for XRP ETF applications from both Bitwise and Grayscale.
The commission’s statutory framework allows for a 240-day review period from when ETF proposals appear in the Federal Register before reaching a definitive decision. In related developments, the SEC has also prolonged its assessment of Bitwise’s spot Dogecoin ETF application and Fidelity’s proposal to incorporate staking features into its spot Ethereum ETF.
Whilst Franklin Templeton stands as the most prominent entity pursuing an XRP ETF, market observers speculate that industry titans BlackRock and Fidelity might soon join the fray. Meanwhile, ProShares has clarified its timeline for futures-based XRP ETFs, targeting a 14th May launch, following earlier misreports suggesting an April debut.
The investment firm’s strategic move mirrors its earlier filing for a Solana ETF, demonstrating growing institutional interest in diverse cryptocurrency investment products.
