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.
Judge Jose Cabranes told the SEC it must give an update on the Ripple case by June 15, 2025. This is just two days before the SEC will decide on an XRP ETF, which makes it seem like there could be a possible connection.
Is SEC Delaying On Purpose?
Some believe that the SEC may be delaying the XRP ETF approval on purpose, possibly waiting to finish the Ripple case first. People are unsure if it’s just a coincidence or part of a strategy. This timing looks planned, and investors are watching closely.
The crypto community anxiously awaits the outcome of the Ripple lawsuit. A positive outcome could boost the chances of XRP ETF approval and increase XRP’s price. The SEC is expected to make final decisions on several crypto ETFs in the Q4 this year. XRP ETFs are likely to be approved or rejected by the SEC around mid-October.
