The U.S. SEC has postponed its decision on Franklin Templeton’s XRP ETF while Rex-Osprey has received approval for its fund.
Delay of Franklin Templeton's ETF Approval
The SEC has postponed the review of Franklin Templeton's ETF by two months, extending the deadline to November 14, 2025. The regulator cited the need for additional time for a 'thorough review' of applications.
Launch of Rex-Osprey's ETF
Rex-Osprey has successfully cleared its review and launched its XRP ETF, gaining an advantage over other applicants, including Franklin Templeton. The fund is expected to attract institutional investments.
Overall Status of XRP and Market
Recently, XRP has strengthened its market position, trading at approximately $3.04, a slight increase over the past 24 hours. Analysts predict a high likelihood of approval for other ETFs by the year's end.
The SEC continues to review ETF applications, and despite the delay, growing interest in XRP and the successful launch of Rex-Osprey may lead to positive market changes.
