Franklin Templeton has filed an XRP spot ETF application, and is under review by the SEC with a new deadline set for June 17, 2025.
This event holds significant importance as it signals potential entry of institutional capital into XRP, amidst broader market interest in crypto ETFs.
Franklin Templeton’s XRP ETF Filing Under SEC Review
Franklin Templeton’s filing of an XRP Spot ETF is under review, with an extended deadline. This follows increased interest among investors in such crypto instruments after numerous Bitcoin and Ethereum ETF approvals.
BlackRock, although yet to file, has shown potential interest by meeting with the SEC. Meanwhile, Coinbase and CME Group are set to launch XRP futures by May 2025.
XRP Price Volatility Linked to SEC Delays
Investors and analysts are actively monitoring regulatory updates, with XRP prices fluctuating due to related news. Current XRP price experienced movement after SEC announced the delay regarding the Franklin Templeton application.
Analysts predict potential XRP price growth, leveraging historical Bitcoin and Ethereum ETF successes as reference points. Market sentiment may shift based on future regulatory approvals and institutional interest in digital assets. “XRP looks to be breaking out of an inverse head and shoulders pattern, with a potential upside target between $2.70 and $2.90,” said Ali Martinez.
Market Experts See Potential Influx with BlackRock’s Interest
Past SEC decisions on Bitcoin and Ethereum ETFs offer hope. Approval patterns suggest regulatory reviews can lead to positive outcomes, drawing parallels to Franklin Templeton’s current filing status.
Market expert Nate Geraci posits BlackRock’s eventual filing could amplify capital influx into XRP markets. Current technical analysis highlights upside potential attributed to market patterns and evolving crypto market dynamics. “BlackRock will likely file for XRP and Solana ETFs soon, which could boost chances of approval and attract significant capital to the XRP market,” according to Nate Geraci, President of the ETF Store.
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