SEC Decision on Franklin Templeton Spot XRP ETF Looms; Market Eyes Institutional Adoption and Potential XRP Surge
The U.S. Securities and Exchange Commission (SEC) is set to make a decisive ruling on Franklin Templeton’s spot XRP ETF application by June 17, 2025, following an earlier extension to thoroughly evaluate the submission, which seeks listing on the Cboe BZX Exchange. Industry attention is high as approval could mark a historic turning point, enabling broader institutional and retail access to XRP via regulated products. The ETF application follows similar moves by major firms like Grayscale, Bitwise, 21Shares, and WisdomTree, reflecting the growing interest in XRP-based investment vehicles. Optimism has increased due to shifts in SEC leadership and a more crypto-friendly U.S. administration. According to Polymarket, there is a 90% chance of ETF approval by the end of 2025. In response to SEC expectations, CME’s recent introduction of XRP futures adds price maturity and enhanced market surveillance, potentially strengthening the ETF’s approval prospects. If approved, traders expect strong bullish momentum for XRP, especially given recent whale accumulation and previous ETF-driven surges seen with Bitcoin. XRP’s price recently jumped over 3% to $2.24 on these developments, making the SEC verdict a key catalyst for further gains.
Bullish
A potential SEC approval of Franklin Templeton’s spot XRP ETF by June 2025 is widely seen as a major bullish development for XRP. Such approval would expand institutional and retail access via regulated financial products, historically a trigger for strong price rallies—as witnessed with Bitcoin ETFs. The introduction of CME’s XRP futures adds to positive regulatory momentum by meeting SEC requirements for market maturity. On-chain data also shows increased accumulation of XRP by large holders, indicating confidence in an upcoming move. Although analysts acknowledge risks like possible SEC delays or a hawkish Fed stance, overall sentiment and recent price action suggest that the market anticipates a positive decision as a major catalyst for further gains. Traders should watch for potential volatility around key decision dates, especially if institutional flows begin to materialize.