The Securities and Exchange Commission (SEC) has announced a 60-day extension for the review of the Franklin XRP ETF, now setting a new decision deadline for November 14, 2025. This follows an earlier postponement in April 2025, as the agency sought additional feedback from issuers and investors.
Initially filed in March 2025, the Franklin XRP ETF has been under scrutiny amidst ongoing discussions surrounding cryptocurrency regulation. The SEC’s decision-making process was anticipated to conclude by September 15, but has been pushed back to allow for more comprehensive evaluations.
Despite this extension, which highlights the SEC’s cautious approach, XRP’s market performance has remained relatively stable. The cryptocurrency recently surpassed the $3 mark, showing resilience even in the face of potential regulatory delays. Data from Polymarket indicates that market expectations for the approval of a spot XRP ETF by the end of the year remain high, with probabilities surpassing 90%.
This development reflects investor confidence, as XRP maintains its position despite the SEC’s extended review. The agency’s strategy bears resemblance to its earlier handling of BlackRock’s Ethereum ETF, where a similar approach was taken with regard to decision timelines.
As the market closely watches the SEC’s next steps, stakeholders and investors continue to monitor how regulatory decisions will shape the future of cryptocurrency ETFs.
