SEC Delays Franklin Templeton’s $1.5T XRP ETF Decision Amid Regulatory Shake-Up

The U.S. Securities and Exchange Commission has delayed its decision on Franklin Templeton’s XRP ETF filing submitted in March. In addition to this filing, the SEC has extended its review period for similar spot XRP filings from firms like Bitwise and Grayscale. Notably, Franklin Templeton also submitted a proposal for a Solana ETF around the same time, reflecting broader institutional interest in crypto-based funds. Meanwhile, ProShares is targeting May 14, 2025, for the launch of its futures-based XRP ETF, despite earlier reports mistakenly suggesting SEC approval for an earlier launch date. This delay follows recent changes in the SEC’s leadership, as Paul Atkins took charge earlier this month, indicating a period of regulatory realignment. Overall, the news introduces short-term uncertainty for XRP while hinting at potential medium-term developments as institutional players continue to explore crypto investment products.