The U.S. Securities and Exchange Commission (SEC) has pushed back its decision regarding the proposed Franklin XRP Exchange-Traded Fund (ETF) to November 2025.
Reasons for ETF Delay
The SEC explained the delay is necessary for gathering further opinions from market participants, including issuers and investors. This is not the first postponement; a decision was already pushed back in April, and a 180-day review window started in June.
Market Reaction to XRP News
Despite the delay, XRP has remained above $3, indicating investor confidence that approval is still likely. Data from Polymarket shows bettors placing over 90% odds on at least one XRP ETF being approved by the end of the year.
What Comes Next
Multiple ETF decisions are expected in late October and November for other assets, including Ethereum and Solana. Approval of the ETF could deepen liquidity and market maturity for XRP.
Conclusion: The market is closely monitoring the SEC's next moves, as forthcoming decisions could significantly impact XRP and the overall crypto ETF landscape.
