The SEC recently delayed its decision on Franklin Templeton’s proposed XRP Spot ETF, pushing the deadline to June 17th, 2025.
The agency generally waits for futures trading to begin before approving the spot ETFs, as the same pattern was followed with Bitcoin and Ethereum ETF. Other ETFs tied to Ethereum and Dogecoin were also delayed, with more delays expected in the coming week.
Bill Morgan Notes A Key Detail
In reaction to this news, attorney Bill Morgan pointed out an important detail. He revealed that the SEC’s decision to delay the XRP ETF approval until June 17, 2025, comes just after the deadline for the SEC to file a status update in its appeal against Ripple.
That update is due 60 days after a court order issued on April 16, 2025. This timing shows the SEC might be waiting to see how the Ripple case progresses before making any decisions about the ETF.
Oddly, the delay of the ETF approval to 17 June 2025 is to a date that falls just after the expiry of the 60 day period by which a status report must be f
