SEC deferred decision on Franklin Templeton’s Spot XRP ETF, now hopes are attached to June 2025
The crypto world is in a big stir once again, as the US Securities and Exchange Commission (SEC) has deferred its decision on Franklin Templeton’s much-awaited Spot XRP ETF. Now the new deadline for this decision has been set as June 17, 2025, so that investors will have to wait longer.
This information was given in an official filing filed by the SEC, signed by SEC Assistant Secretary Sherry Haywood. This extension gives the SEC 45 more days so that they can take a final decision regarding the ETF.
This decision comes at a time when just a few weeks ago the SEC approved the first-ever XRP Futures ETF launched by ProShares. This decision is being considered a big positive sign in the industry, and many experts believe that this has further strengthened the chances of approval of the Spot XRP ETF.
What do the experts say?
According to Bloomberg ETF analyst James Seyffart, even though the SEC has a deadline of October 2025 to make a final decision on the Spot XRP ETF, it is likely that they could take a decision even before that. He said, “The approval of the XRP Futures ETF and the growing interest from institutional investors indicate that the regulatory environment may now be in favor of XRP.”
Along with this, the pro-crypto attitude of the Trump administration has also made the environment a bit more positive. The Trump team has talked about keeping digital assets at the center of its economic policy, which is a strong signal for crypto supporters.
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XRP prices jump
After this new announcement by the SEC, there was a slight jump in the price of XRP. Immediately after the announcement, the price of XRP increased by about 1% to trade around $2.30, especially in the North American mid-day session.
According to data from CoinMarketCap, XRP’s fully diluted market capitalization is around $229 billion, and its daily trading volume remains around $2.5 billion. This shows that institutional interest in XRP is increasing rapidly.
What are Technical Analysts saying?
Crypto analyst MikyBull believes that XRP has recently retested strong support at the $2 level, and now it may enter a new “price discovery phase”. He predicted that the price of XRP could reach the range of $4 to $6 in the coming weeks, if the positive environment in the market remains.
What next?
Now all eyes are on June 17, 2025. Where the next decision of the SEC can decide the future direction of XRP. If the Spot XRP ETF is approved, it could prove to be a major milestone for the crypto sector, especially for XRP holders and institutional investors.
The crypto community is currently in “wait and watch” mode, but given the approval of the Futures ETF and the positive market sentiment, it is expected that the approval of the Spot XRP ETF is not far away.
Only time will tell, but at the moment the expectations in the market are strong, and the enthusiasm of XRP supporters is also at its peak.