You’ll Never Believe How Long the SEC Can Delay Your XRP ETF Dreams 😱

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  • The SEC can drag their feet for up to 240 days. That’s almost enough time to learn Italian.
  • An XRP ETF could finally make Wall Street stop pretending they’ve never heard of XRP.

Templeton’s XRP ETF is currently hanging out in regulatory purgatory, chilling on the SEC’s desk like that Gym Membership Agreement you promised you’d “totally look at this weekend.” 🤷‍♀️ Officially, the SEC owes us a yay-or-nay by June 17, 2025—assuming time doesn’t slow down in government offices, which, let’s be honest, is a risky bet.

Back on March 13, 2025, Franklin Templeton (fun fact: actual Ben Franklin not involved unless he’s mastered time travel) threw their ETF pitch to Cboe BZX Exchange. Rules were followed, forms were filled, and the Federal Register got a fresh new posting by March 19. Somewhere, a bureaucratic stamp is being dramatically inked.

Now, under Section 19(b)(2) (aka: legal jargon for “give us more time to think about it”) of the Securities Exchange Act of 1934, the SEC kind of has to make a decision within 45 days of official posting—or stretch it to 90 days if they’re really marinating on it. The clock started ticking May 3, 2025. Expect lots of meetings and possibly a few bagel breakfasts.

Of course, the SEC said, “We need more time!” (Who among us hasn’t delayed a tough decision by binge-watching TV instead?) Basically, they’ll keep pondering until June 17, 2025, at which point they’ll either approve, reject, or say, “Let’s talk about it even more!” So relatable.

Potential Timeline for Procrastination (Sorry, “Final Decision”)

The “official” deadline is June 17, but, plot twist, the SEC can stretch this to a record-breaking 240 days! That’s October 18, 2025—just in time for you to buy a new calendar and mark your disappointment. Oh, and there’s no public feedback yet—meaning you, dear reader, could’ve been the hero of this story, but you were busy scrolling TikTok. No judgment.

If the Franklin XRP Fund ever gets a green light, it means big money types can dip into XRP without actually buying XRP—a loophole so convenient it could’ve only been invented by Wall Street. This would be XRP’s ticket into the U.S. big leagues.

Crypto ETF Delays: Everyone’s Doing It!

Franklin Templeton is not the only firm asking, “Can we ETF yet?” Grayscale and Bitwise also want in, with products featuring Ethereum, Solana, Polkadot—the whole crypto-brunch menu. We’ll just have to see which one gets served first.

The SEC, ever the hall monitor of finance, claims it’s all about “investor protection” and “market stability.” Or, you know, buying more time for their Office Fantasy ETF League. Their main fear? Market manipulation and prices bouncing around faster than my mood on a Monday.

Look, they dragged their feet on a Bitcoin ETF for actual years, until a judge basically said, “Stop stalling and do your job.” Now, we’re watching the same rerun with Ethereum, XRP, and who-knows-what’s-next. Popcorn, anyone?

If and when an XRP ETF sees daylight, expect institutional investors to finally start taking XRP out for dinner, meeting its parents, and maybe even taking it seriously for once. Markets could get spicy.

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2025-05-01 10:32