The U.S. Securities and Exchange Commission (SEC) has extended its review period for Franklin Templeton’s proposal to launch a spot XRP exchange-traded fund (ETF). This regulatory delay provides the commission additional time to examine the application’s details and underlying market considerations.
Such postponements represent a standard procedural step in the SEC’s evaluation framework for cryptocurrency-based ETFs. The agency routinely utilizes extended timelines to scrutinize proposed rule changes, assess potential market impacts, and ensure investor protection measures align with regulatory standards.
Franklin Templeton’s application seeks to provide regulated investment exposure to XRP through traditional market infrastructure. The crypto asset community continues awaiting regulatory clarity on spot ETFs beyond previously approved bitcoin products.