The Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton’s proposed XRP Spot ETF until June 17th, 2025. This decision follows the pattern of waiting for futures trading to begin before approving spot ETFs, which was also done with Bitcoin and Ethereum ETFs. Other ETFs tied to Ethereum and Dogecoin have also been delayed, with more delays expected in the future.
Attorney Bill Morgan has noted an important detail regarding the SEC’s decision. The delay in approving the XRP ETF until June 17th, 2025, comes just after the deadline for the SEC to file a status update in its appeal against Ripple. This timing suggests that the SEC may be waiting to see how the Ripple case progresses before making any decisions about the ETF.
Judge Jose Cabranes has instructed the SEC to provide an update on the Ripple case by June 15th, 2025, just two days before the SEC will decide on the XRP ETF. This close timing raises the possibility of a connection between the two.
There are speculations that the SEC may be intentionally delaying the XRP ETF approval, possibly waiting for the conclusion of the Ripple case. It is unclear whether this timing is coincidental or part of a strategic plan. Investors are closely watching these developments.
The outcome of the Ripple lawsuit is eagerly awaited by the crypto community. A favorable outcome could increase the chances of XRP ETF approval and potentially raise the price of XRP. The SEC is expected to make final decisions on several crypto ETFs in the fourth quarter of this year, with XRP ETFs likely to be approved or rejected around mid-October.
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