- The Franklin XRP ETF ruling has been pushed from Sept 15 to Nov 14, 2025, as the SEC seeks more input from stakeholders.
- XRP held above $3 despite the delay, with Polymarket bettors and analysts still projecting a high likelihood of ETF approval this year.
- The postponement mirrors delays in Ethereum, Solana, and staking ETFs, with multiple crypto ETF decisions now expected in late Oct–Nov.
The U.S. Securities and Exchange Commission (SEC) has once again pushed back its decision on the proposed Franklin XRP Exchange-Traded Fund (ETF). The filing, which dates back to March 2025, was originally expected to receive a ruling by September 15.
Instead, the regulator has extended the deadline to November 14, 2025, citing the need for additional input from market participants.
Why the SEC Extended the Review
In its latest update on September 10, the SEC explained that the extension will allow the agency to gather more perspectives from issuers, investors, and other stakeholders. The Commission had already postponed its decision earlier in April before launching a 180-day review window in June.
Also Read: Urgent XRP Ledger Alert for Validators: What’s Causing the Latest Issues?
By moving the deadline, the SEC is exercising its right to take the maximum allowable time for reviewing crypto-based ETF filings. The review process involves analyzing factors such as investor protection standards, market structure, regulatory compliance, and the broader impact on U.S. financial markets.
XRP Market Reaction
Interestingly, the announcement did not rattle XRP traders. The token briefly moved above the $3.00 mark earlier in the day and has held steady since the SEC’s update. This calm reaction suggests investors are confident that eventual approval remains likely, despite the delay.
On prediction platform Polymarket, betting data shows participants placing odds above 90% on at least one XRP ETF being approved before the end of the year. Other prominent analysts have also made similar projections, pointing to the Ripple-SEC case conclusion and clearer regulatory signals as reasons for optimism.
Meanwhile, the Franklin XRP filing is not the only crypto ETF under prolonged review. Similar delays have been issued for pending applications tied to Ethereum, Solana, and staking-based ETFs from asset managers such as Franklin Templeton and BlackRock.
Regulators appear to be slowing down approvals across the board as they weigh how best to integrate digital assets into the existing financial system.
What Comes Next
Market watchers now expect a flurry of ETF decisions toward late October and November, as multiple filings are running on parallel timelines. Should approval be granted, the Franklin XRP ETF could provide a regulated pathway for institutions and retail investors to gain exposure to XRP, potentially deepening liquidity and market maturity.
Until then, traders and industry leaders will be closely monitoring the SEC’s next move, as the outcome could shape not only XRP’s future but also the wider crypto ETF landscape in the U.S.
Also Read: “A Lot Could Happen For XRP and Ripple in October” – Lawyer Reveals What’s Coming
