The U.S. SEC has announced an extension of the decision deadline for the Franklin XRP ETF to November 14, 2025. This move preserves market stability for XRP.
Extension of SEC’s Decision on Franklin XRP ETF
The SEC has extended the decision timeframe for the Cboe BZX listing of the Franklin XRP ETF, initially submitted on June 17. The deadline for resolution has been moved to November 14, 2025. Key players involved in this process include Franklin Templeton, Cboe BZX, and the SEC.
XRP Price Stability Amid Extension
Despite the deadline extension, XRP’s price remains stable. Current data from CoinMarketCap shows XRP trading at $3.00, with a market cap nearing $179 billion. Over the last 90 days, XRP's price has increased by 39.90%, indicating resilience in the face of regulatory developments.
Expectations and Predictions for ETF
Industry experts report that the crypto community largely maintains optimism regarding ETF approval. The chances of approval remain high, with expectations that the SEC will ultimately make a positive decision. Historical trends suggest that similar extended review periods frequently result in favorable outcomes for new cryptocurrency ETFs.
The SEC's extension of the Franklin XRP ETF decision deadline highlights the regulator’s cautious approach to assessing cryptocurrency assets. With XRP price stability and optimism from the market, further updates on the future of the ETF are anticipated.
