US Securities and Stock Exchange Committee (SEC) delay Its decision regarding the submission of XRP (ETF) exchange funds, which was submitted by 1.5 trillion dollars in investment giant Franklin Templeton.
As U.Today mentioned, Franklin Templeton submitted a request to launch such a product in March shortly after submitting a similar file to ETF Solana.
Franklin Templeton is the largest player to join the XRP ETF race so far.
The Blackrock and Federation has yet remained on the sidelines. However, some believe that they will become part of the race as well.
Meanwhile, Proshares recently revealed that it is now targeting May 14 to launch ETFS for its future XRP after several media reported that they had received the green light from the Supreme Education Council to go on April 30.
This delay comes after Paul Atkins, which supported the rects of the Securities and Stock Exchange earlier this month after sailing during the Senate confirmation process.
As U.Today also mentioned, SEC also extended the review period for many other XRP Spot files from companies like BitWise and Grayscale when he led the agency former president of Mark Uyeda.
SEC is supposed to make its final decision within 240 days of publishing the ETF proposal in the federal registry.
According to Bloomberg, it is SEC expected To make the final decisions about many of the traded investment funds related to the coded currency on many of the encrypted investment funds in the fourth quarter of the year. ETFS XRP is expected to be approved or rejected in mid -October.
Earlier in the day, SEC extended the review period of the Dogoin (DOGE) group, as well as Fidelity’s suggestion to add Staking to Spot Ethereum ETF.
