The U.S. Securities and Exchange Commission (SEC) has initiated a formal review process for the XRP ETF proposal from Franklin Templeton, with a decision anticipated by September 9, 2025.
Beginning of the XRP ETF Review Process
The SEC has officially begun the process of evaluating the ETF submitted by Cboe BZX Exchange. This ETF will allow Franklin Templeton to launch a product that holds physical XRP tokens, akin to existing Bitcoin ETFs.
September Deadline and SEC Questions
Currently, the SEC is in the 'Order Instituting Proceedings' phase, gathering opinions and data to address critical questions about investor protection, market manipulation prevention, and legal standards compliance. The review began in March 2025, with a final decision expected by September 9, 2025.
Public Comments Open
The SEC is inviting public comments, particularly regarding whether the XRP market is mature enough to support an ETF without price manipulation or unfair trading practices.
If the XRP ETF is approved, it could mark a significant milestone in the cryptocurrency space and validate the market's maturity. Currently, XRP is trading at approximately $2.12, reflecting a 4.14% increase over the last 24 hours.
