SEC delays Franklin spot XRP ETF

Regulators continue to weigh investor protection and market risks as digital asset ETFs face repeated decision delays.

Key Takeaways

• The SEC has postponed its decision on Franklin Templeton's spot XRP ETF application.
• Regulatory concerns about market manipulation and investor protection continue to delay crypto ETF approvals.

<?xml encoding="UTF-8">

The US Securities and Exchange Commission today postponed its decision on Franklin Templeton’s proposed spot XRP exchange-traded fund, marking another delay in the growing line of crypto ETF applications awaiting regulatory review.

The delay follows a pattern of SEC postponements for various crypto-related investment products.

Franklin’s XRP ETF application, initially filed in February, seeks to offer investors direct exposure to XRP through a traditional investment vehicle traded on US exchanges.

The regulator has historically expressed concerns about market manipulation, custody arrangements, and investor protection in relation to crypto-based investment products.

Disclaimer