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.
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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.
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