Is the SEC Finally Ready to Approve Franklin XRP ETF? Find Out What Happens Next!

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It seems that anticipation around the Franklin XRP ETF is surging, as the SEC extends its review period amidst growing institutional demand and XRP’s rapid expansion into regulated markets. But, of course, the SEC is taking its sweet time. Who could have guessed? 🙄

SEC Extends Review Period for Franklin XRP ETF: Investor Hopes Skyrocket

The U.S. Securities and Exchange Commission (SEC), in a move that shocked absolutely no one, announced on September 10 that it would extend its review of Cboe BZX Exchange’s proposal for the Franklin XRP exchange-traded fund (ETF). This proposal, submitted on March 13, 2025, has been carefully examined under the BZX Rule 14.11(e)(4), which pertains to commodity-based trust shares-basically a rule that ensures everything is neat and tidy, just as we like it. 😉

Now, let’s not get too excited: the SEC had already delayed its decision once back in April, and by June, it had started formal proceedings. It set the September 15 deadline, only to now extend that to November 14, 2025. But don’t worry, that’s just a technicality. According to their official statement:

The Commission finds it appropriate to extend the review period, giving ample time to consider the proposed rule change and address all matters at hand.

Oh, but there’s more! Several other asset management firms have also jumped on the bandwagon, filing with the SEC to launch their own XRP exchange-traded products (ETPs). These include Grayscale, 21Shares, and Franklin Templeton, among others. Because apparently, everyone is just lining up to give you that sweet, sweet regulated access to XRP. 💸

Despite the SEC’s hesitations, the market is becoming increasingly optimistic. On September 10, Polymarket data showed a 92% implied probability of approval for the spot XRP ETF. But don’t take our word for it! Amendments to filings by asset managers suggest they’re actively chatting with the SEC, which-let’s face it-usually signals the SEC is warming up to the idea. 🧐

Industry insiders are equally optimistic. Nate Geraci, president of Novadius Wealth Management, posted on social media platform X, “I’m personally leaning closer to 100%. People are severely underestimating the investor demand for spot XRP ETFs. Just like they did with BTC and ETH ETFs. Classic!” And Bloomberg’s ETF analysts James Seyffart and Eric Balchunas are also on board, predicting a 95% chance of approval. With bitcoin and ethereum ETFs already approved, XRP is the next logical step. 🧐💡

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2025-09-11 03:03