The U.S. Securities and Exchange Commission (SEC) has officially opened proceedings to determine whether to approve or disapprove a proposed rule change that would permit the listing and trading of shares of the Franklin XRP Spot ETF. This follows a delay initially instituted in April 2025 , which postponed the decision to June 17, 2025. On this new date, the SEC published an order instituting proceedings to invite public comment on the matter. The proposal, submitted by Cboe BZX Exchange, Inc., aims to list and trade shares of the Franklin XRP ETF under BZX Rule 14.11(e)(4), which pertains to Commodity-Based Trust Shares. According to the SEC’s official release, the rule change was originally filed on March 13, 2025. The proposal was then published for comment in the Federal Register on March 19, 2025, and is being treated under Rule 19b-4 of the Securities Exchange Act of 1934. The SEC, invoking Section 19(b)(2) of the Act, subsequently designated a longer period for deliberation before issuing this latest call for comments. Public Comment Period Now Open Fox Business journalist Eleanor Terrett reported on the SEC’s decision via social media, confirming that the Commission is now formally inviting public input. She noted that following the previous delay to June 17, the agency is now requesting comments regarding Cboe’s proposal to list the Franklin XRP Spot ETF. The deadline for comments and any rebuttals is scheduled for late July. This comment period marks a key procedural step in the SEC’s review of the ETF, allowing market participants, stakeholders, and members of the public to provide their perspectives. Interested parties are invited to submit their responses through the SEC’s official channels, as outlined in the Commission’s release and on its website . NEW: Following a prior delay to June 17 (today), the @SECGov is inviting public comment on whether to approve or deny @CBOE ’s proposal to list the @FTI_US $XRP spot ETF. The deadline for comments and rebuttals is late July. pic.twitter.com/3UgSZ1Oo0G — Eleanor Terrett (@EleanorTerrett) June 17, 2025 We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Mixed Reactions from Observers Following Terrett’s post, reactions from users on X illustrated divergent sentiments on the SEC’s timeline and overall handling of the ETF review. A user posting under the handle “metamitra” characterized the SEC’s move as significant for the broader digital asset investment landscape. The user described it as “a pivotal moment for the future of crypto ETFs in the U.S.,” adding that the agency’s willingness to solicit public comment reflects increased momentum and institutional interest in digital assets, such as XRP. Another X user, “FrancisBovineSwift,” criticized the SEC’s timeline, questioning why the comment process did not begin sooner. The user expressed frustration, stating that “the SEC dragging their feet on this” is consistent with the agency’s past approach to XRP-related issues, adding, “Same old @SECGov when it comes to #XRP.” Regulatory Context and Next Steps The SEC’s review of the Franklin XRP Spot ETF is unfolding in a broader regulatory context marked by increased scrutiny and evolving standards for digital asset-based investment products. While Bitcoin and Ethereum ETFs have seen growing acceptance, proposals tied to other cryptocurrencies, such as XRP, continue to face rigorous examination. The public comment phase will play a key role in shaping the outcome of this proposal, with the Commission likely to consider both technical compliance and broader market implications before rendering a final decision. According to the official documentation attached to the June 17 order, the SEC has not yet taken a definitive stance on the proposal. But it will use the feedback received to guide its eventual ruling. The current deadline for a final determination remains tied to the close of the public comment and rebuttal period set for late July 2025. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post SEC Delays Decision on Franklin Templeton XRP ETF, Makes Fresh Announcement appeared first on Times Tabloid .
