According to the updates shared earlier during the day, the SEC will need at least a few months before it decides the slate of the SPOT ETF bids before the regulator.
The dry delayed to make a verdict on the XRP spot linked to Franklin Templeton until June 17, 2025, according to a new notice. According to Eleanor Terrett, on April 29, 2025, the dry released An opinion which revealed that he needed additional time to assess the FNB Spot XRP project of Franklin Templeton, also known as Franklin XRP Fund.
According to documents, the financial guard dog has now extended the examination period of an additional 45 days, postponing its decision until June 17, 2025.
This is a standard procedure, and even if it has only added an additional 45 days, the SEC is authorized to extend the exams up to 240 days from the initial publication in the Federal Register. Essentially, there could still be more pain on the path of impatient speculators.
THE application was originally deposited on March 13 and published in the Federal Register on March 19. If it is approved, the ETF will follow the price in cash from XRP, with assets kept by the Coinbase Guard.
Actions would be negotiated on CBOE BZX exchange, and the value of net assets of the fund will be determined with the reference rate CF CF XRP-DOLLAR.
According to Eleanor Terrett, who spoke with the analyst of the ETF James Seyffart, the dates listed in the opinion are all “intermediaries”. In fact, Seyffart estimates that the ETF Spot $ XRP could be approved in mid-October with a final decision-making date scheduled for October 18.
“It is possible that the dry does not take all this time to make its decision, but many will depend on the way in which they actively engage on requests”, Terrett wrote on X.
SEC reports decisions on other ETF applications
The SEC delayed its decision on other ETF applications in addition to the ETF Franklin Templeton XRP. There are also other ETF XRP applications, including those of Grayscale, Canary Capital, Bitwise, Wisdomtree, Coinshares, 21Shares, Proshares and Volatility Actions, but none of them has yet been approved.
Aside from the ETF XRP applications, the agency also has delayed Take a decision on the Doge Etf application of Bitwise until June 15.
The actions of the SEC have triggered mixed reactions on social networks with a majority not knowing if he has to go mad or remain optimistic about ETF.
The agency is known for having deliberated with caution on the FNB linked to the crypto, as we can see with the Bitcoin and Ethereum and Ethereum spots, which has taken years to approve. However, it was under the Gary Gensler administration. The dry has undergone a new direction with Paul Atkins, and many expect it to evolve faster and positively.
There are now more than 70 ETF proposals for altcoins like Solana, Litecoin, Hedera and Dogecoin while waiting for the dry exam. Not all will be approved, but some, like the XRP ETF, have been deemed inevitable by those informed.
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