The endless battle between Ripple and the U.S. Securities and Exchange Commission (SEC) drags on like a never-ending winter. In the most recent chapter, both Ripple and the SEC have filed another report with the Second Circuit Court, pleading for the court to keep their appeal on hold while they wait for the district court’s next grand decision. Ah, the joys of legal limbo! ⚖️
#XRPCommunity #SECGov v. #Ripple #XRP In light of the pending motion for an indicative ruling, the parties have requested that the Second Circuit continue to hold the appeals in abeyance, with the @SECGov to file a status report by August 15, 2025.
— James K. Filan (@FilanLaw) June 17, 2025
Meanwhile, Ripple continues to haggle with the SEC, attempting to reduce its hefty $125 million penalty to a mere $50 million and to lift that pesky court-imposed ban. But, surprise, surprise—the judge has yet to approve it. As it turns out, the pause button has been hit once again, and we’ll all be waiting for the next episode of this legal drama in August 2025. So thrilling! 🕰️
What Does This Mean for XRP ETFs in the U.S.?
As the courtroom drama unfolds, XRP investors have their own suspense-filled waiting game regarding XRP spot ETFs in the U.S. One ETF in particular, Franklin Templeton’s XRP Fund, has a crucial deadline on June 17, 2025. But with the lawsuit still clinging to life like a bad sequel, the SEC is expected to delay any decisions regarding it. Spoiler alert: Nothing moves fast here. ⏳
ETF guru Nate Geraci has ventured a prediction: BlackRock might file for Solana and XRP spot ETFs sooner than expected. Oh, and Solana’s filing could happen any minute now. As for XRP? Well, that will depend entirely on how fast this torturous Ripple-SEC case finally wraps up—whenever that might be. Talk about anticipation! 🧐
Market experts have collectively nodded in agreement that this lawsuit has acted as the cruel and unusual punishment holding back any ETF plans for XRP in the U.S. Who could have seen that coming? 🙄
A Win for XRP in Canada
But wait—there’s good news for our brave XRP fans up north! Purpose Investments, in a shocking twist of fate, has received final approval to launch the Purpose XRP ETF in Canada. Apparently, someone in charge has decided to reward patience with a gift. 🙌
Purpose Investments has received final regulatory approval to launch the Purpose XRP ETF, which will begin trading on the Toronto Stock Exchange on June 18 under tickers XRPP (CAD-hedged), XRPP.B (CAD), and XRPP.U (USD). The fund offers direct exposure to spot XRP and will be…
— Wu Blockchain (@WuBlockchain) June 16, 2025
So, for those of you fortunate enough to live in the land of maple syrup, the ETF will start trading on June 18, 2025, under the following tickers:
- XRPP (CAD-hedged)
- XRPP.B (CAD)
- XRPP.U (USD)
This fund offers direct exposure to spot XRP and will be available for those who are eligible for registered accounts like TFSAs and RRSPs. Finally, a little win for the XRP crowd! 🍁
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2025-06-17 09:46