2025-17725Notice

XRP ETF Stalls at SEC Gate: Ripple Effect for Traders

Published Date: 9/15/2025

Notice

Summary

The SEC is taking more time to decide if the Franklin XRP ETF can be listed and traded on the Cboe BZX Exchange. This affects investors interested in trading this new crypto-based fund, as the approval process is now extended beyond the original deadline. No money changes hands yet, but the wait means more time before you can buy or sell these shares on the exchange.

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Approval Delay for Franklin XRP ETF

If you plan to buy or sell shares of the Franklin XRP ETF on Cboe BZX, you cannot do so until the SEC decides. The SEC extended its review deadline from September 15, 2025 to November 14, 2025, adding up to 60 more days before the ETF can be approved or disapproved.

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Key Dates

Published Date
Effective Date
9/15/2025
11/14/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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