The SEC has postponed its decision to Franklin Templeton's proposed spot XRP exchange-traded fund.

In a statement on April 29, 2025, the Securities and Exchange Commission (SEC) announced that the institution has postponed its decision to Franklin Templeton's spot XRP exchange-traded fund (ETF) until June 17, 2025.

According to the SEC announcement on April 29, 2025, the regulator needs to decide whether to approve or reject the XRP spot ETF by June 17, 2025.

This delay provides the SEC with more time to evaluate Franklin Templeton’s proposal to decide whether to approve or reject the XRP spot ETF.

SEC delays decision on Franklin Templeton XRP ETF

According to SEC documents, the agency needs more time to review the application submitted by Franklin Templeton on March 19, 2025.

The proposal aims to list shares of the Franklin XRP Fund under NYSE ARCA Rule 8.201-E.

The SEC said the now set 45-day extended review period could be extended to 240 days from the date of the first publication of the Federal Register, meaning the final decision could be postponed until mid-October 2025.

According to the SEC's documents, delays are within the scope of the law and provide time to thoroughly examine the proposed rule changes and their consistency with self-regulating organizational requirements.

This move is consistent with the SEC's cautious approach to crypto-related financial products, and it has taken years before approval of Bitcoin and Ethereum spot ETFs.

What will ETF analysts do next?

Despite the delays, investors' demand for such crypto ETFs continues to grow.

Over the past few months, issuers have proposed more than 70 proposals to list exchange-traded funds on top altcoins. XRP, Solana, Litecoin, Hedera and Dogecoin are the most anticipated.

Bloomberg ETF analyst James Seyffart expects the SEC to ruling more of such decisions this week and in the coming days when commenting on delays.

It is worth noting that regulators have also postponed their rulings on Ethereum and Dogecoin ETFs.

Sefat expects the final deadline for most ETF files to be October 2025 or later.

"I expect more delays today or at least on some Solana and Hedera/Hbar ETF files. That's my opinion. The last deadline for most of this content is October 2025 or later," Sefate noted.

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