<ul><li>The SEC has delayed the decision on the Franklin Templeton's XRP ETF proposal, which is backed by a $1.5 trillion giant, moving the decision date to June 17, 2025.</li><li>Franklin Templeton, along with other investment firms like Grayscale and Bitwise, is seeking regulatory approval for XRP-based investment vehicles following the success of Bitcoin ETFs in early 2024.</li><li>Asset managers are optimistic about altcoin ETFs under the new crypto-friendly regime led by President Trump's administration and with the SEC's new chair, Paul Atkins, who is seen as friendly toward crypto.</li><li>The SEC has also postponed decisions on Grayscale Hedera Trust, Franklin Crypto Index ETF, and Bitwise Dogecoin ETF, with over 70 crypto ETFs awaiting SEC review, leading to expectations of more delays in the approval process.</li></ul>

Bummer As $1.5 Trillion Giant’s XRP ETF Proposal Is Delayed By SEC, but There’s a Catch

Discover more