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The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision regarding the Franklin Templeton XRP Trust, a proposed spot exchange-traded fund (ETF) that would track the price of XRP. In a formal announcement made on April 29, 2025, the regulatory body extended its review period, setting a new deadline of June 17, 2025, to either approve, disapprove, or initiate further proceedings on the application submitted by the asset management giant, Franklin Templeton.
This development allows for the potential public trading of XRP through a regulated exchange-traded product. The SEC cited the Securities Exchange Act of 1934 as the legal basis for this extension.
Analyst Predicts Final XRP ETF Decision in Q4 2025
Following the SEC’s announcement, former Fox Business journalist Eleanor Terrett shared insights from Bloomberg Intelligence analyst James Seyffart. Seyffart suggests that the newly established June deadline is unlikely to be the final word on the Franklin Templeton XRP Trust.
Some more detail after speaking with ETF guru @JSeyff just now:
— Eleanor Terrett (@EleanorTerrett) April 29, 2025
These dates are all intermediate and we will likely see final decisions on a lot of the crypto ETPs in Q4. For the $XRP spot ETF, James is eyeing mid-October, around the 18th, as a final decision deadline. It’s… https://t.co/6FDIayFpHS
He anticipates that the majority of pending cryptocurrency-related ETP applications, including the XRP ETF, will likely receive their final decisions from the SEC in the fourth quarter of 2025. Specifically, Seyffart pinpointed mid-October, around October 18, as a probable timeframe for the ultimate ruling on the highly anticipated XRP ETF.
Also Read: XRP ETF Confusion Cleared: ProShares Futures Products Coming, Spot ETF Still Pending
SEC Engagement Could Influence XRP ETF Timeline
Seyffart further elaborated that while the SEC has the legal prerogative to utilize the entire allotted review period, the timing of their final decision could be influenced by the level of engagement with the ETF sponsor, Franklin Templeton. Increased and proactive communication between the Commission and Franklin Templeton might signal a more accelerated path towards a resolution.
However, Seyffart and Terrett both noted that the SEC has historically taken the full review duration in previous cases involving cryptocurrency ETFs, suggesting the timeline for the XRP ETF remains subject to regulatory developments and the agency’s approach. This decision is being closely watched as part of the broader regulatory landscape for digital assets in the United States.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
