Franklin Timbelton officially presented S-1 registration form With the SEC to launch XRP ETF, following its previous registration for Franklin XRP industries in Delaware.
It is worth noting that SEC still retracts Spot Crypto ETF after agreeing to Bitcoin and Ethereum ETF. The new SEC file places the entity in line with other asset managers such as BitWise, 21shares, Canary Capital, Grayscale and Wisdomtree, all of whom compete to launch XRP ETF.
This suggested ETF, under the CBOE BZX Stock Exchange, will allow investors access to XRP, which is currently the fourth largest encrypted currency depending on the maximum market. Coinbase Custody will store XRP assets, as Coinbase works as a major medium. The box will determine the net value of its assets using the CME CF XRP-Dollar reference rate.
XRP ETFS got a chance of 65 %!
SEC has approved many XRP ETF files, starting with the Grayscale app on February 14, and a 240 -day review period began. Other deposits of Wisdomtree, Canary Capital and Coinshares are under review and are now in the general suspension stage. Bloomberg Erik Honock and James Sevart expect that ETFS XRP has a 65 % chance to be approved by the Securities and Stock Exchange Commission in 2025.
Sec
According to a recent notice, at the Supreme Education Council delay Its decision on Grayscale’s XRP ETF app. And note that he needs more time to determine whether the proposal will be approved or rejected.
SEC has delayed its decision on many investment funds traded in Soto Crypto, including Solana Etf Spot, Canary’s Spot Litecoin, Solana Etfs, Canary, Grayscale Spot XRP ETFS, Grayscale’s Spot Dogecoin Etf. Investors will have to wait until May 2025 to obtain updates on whether these requests will be approved, rejected or delayed.
For XRP, the new deadline is May 22, 2025. This affects both Spot Spot XRP ETF, Spot Sport XRP ETF and Spot Spot XRP ETF, both of which are waiting for approval.
XRP rises 8 %
Meanwhile, the legal battle between SEC and Ripple Labs continues to have XRP safety. Despite the ongoing uncertainty, the last ETF file ignited a 8 % price increase for XRP within 24 hours. At a price currently at a price of $ 2.19, XRP appears strong elasticity even with the recent declines.
The Crypto Casitrades analyst notes that XRP carries strong support levels, which helps him to continue his upward direction. The XRP growth potential remains strong as long as it exceeds $ 2.04. The following resistance levels that must be seen are $ 2.25 and $ 2.70.
Modern news about XRP has sparked positive expectations, as market monitors closely follow the SEC review process. Also, XRP, which has a three -time value in the past year, is part of the Trump plan to obtain a new strategic reserve.
