The crypto community is buzzing with the anticipation of a potential XRP Exchange-Traded Fund (ETF) as the U.S. Securities and Exchange Commission (SEC) has officially embarked on a rigorous procedure to determine its feasibility. The proposed Franklin XRP ETF could receive a conclusive verdict by September 9, 2025, making it a date to circle on your calendars.
Formal discussions are now underway for the proposal put forth by the Cboe BZX Exchange. This ETF, if approved, would empower Franklin Templeton to initiate an ETF that contains actual XRP, akin to how Bitcoin ETFs currently hold real Bitcoin. The ETF strategy involves engaging Coinbase Custody Trust for token storage and tracking the price using the CF Benchmark CME XRP-Dollar Index. The listing would be on Cboe’s BZX Exchange, adhering to the same regulations as other commodity-based trusts.
However, the SEC isn’t rushing into anything. It has transitioned into the “Order Instituting Proceedings” phase, which essentially means a thorough investigation. The SEC will collect data and opinions to clarify key issues: Will the XRP ETF safeguard investors? Can it ward off market manipulation? Does it comply with legal standards?
The review procedure, which commenced in March 2025, is set to conclude on September 9, 2025. By this date, the SEC will likely have made a decision, either giving the ETF the go-ahead or rejecting it.
Intriguingly, the SEC is actively soliciting public opinions, particularly on whether the XRP market is advanced enough to accommodate an ETF without any price manipulation or uneven trading practices. If the SEC approves, it could be a significant breakthrough for XRP.
At present, XRP is trading at approximately $2.12, up by 4.14% in the last 24 hours.
