On September 10, 2025, the U.S. Securities and Exchange Commission (SEC) delayed its decision on Franklin Templeton’s spot XRP ETF application, pushing the deadline from September 24 to November 14, 2025. This extension, a routine 20-day postponement, allows for further evaluation of public comments and proposed rule changes, as per the requirements. Rex-Osprey’s XRP ETF, initially expected to launch on September 12, faced a six-day delay due to an SEC review, with trading now set for September 18, 2025, according to. The SEC cited concerns over market manipulation and investor protection, echoing hurdles for BTC and ETH ETFs, per.
The delays triggered a 7% weekly drop in XRP, pushing it below $3 to $2.29, with a 12% decline over 30 days. Trading volume fell 46% to $2.64B, reflecting investor uncertainty, per. Despite a 30% surge since June 2025 on ETF speculation, the postponements have cooled momentum, per. XRP’s $128.6 market cap ranks it fourth, but institutional inflows remain limited without approvals, per CoinMarketCap. X posts from @Belisarius2020 suggest the SEC is nearing a decision, potentially approving multiple XRP ETFs by year-end.
Franklin Templeton’s application, filed in February 2025, is structured as a Regulated Investment Company (RIC), differing from BTC and ETH ETFs, complicating approval. REX-Osprey’s ETF, cleared for launch on September 18, is the first spot XRP ETF, but rivals like Grayscale, 21Shares, Bitwise, WisdomTree, and CoinShares face October deadlines. The SEC’s caution stems from XRP’s history, including the Ripple Labs lawsuit resolved in 2023. Bloomberg analyst Eric Balchunas notes the short delay signals a maturing regulatory environment, with approvals likely by October 18 for eight pending applications.
Analysts project $8B in inflows upon approval, potentially pushing XRP to $3.50 by year-end, per. However, prolonged scrutiny could delay institutional access. Investors should monitor SEC filings on sec.gov and XRP flows via CryptoQuant. Set stop-losses below $2.20 and diversify into USDC or ETH ($4,070), per TradingView. Follow @TheBlock__ on X for updates. With BTC ($113,234) and ETH ETFs approved, XRP’s path hinges on SEC Chair Paul Atkins’ pro-crypto stance, per.
