SEC Takes Extra Time Reviewing Franklin XRP Fund Listing
Published Date: 5/5/2025
Notice
Summary
The SEC is taking extra time to decide if the Franklin XRP Fund can be listed and traded on the Cboe BZX Exchange. This delay gives regulators more time to review the proposal carefully, affecting investors and traders interested in this new crypto-based fund. Expect a final decision by June 17, 2025, which could impact trading options and market moves.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
SEC Delays Decision on XRP Fund Listing
The SEC extended the review period for Cboe BZX’s proposed rule change to list and trade shares of the Franklin XRP Fund (File No. SR-CboeBZX-2025-040) under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares. The Commission set June 17, 2025 as the new deadline to approve, disapprove, or start proceedings, so investors and traders interested in this crypto fund will not get a final decision until that date.
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Previous: 2025-07693 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the Grayscale Hedera Trust (HBAR) Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
The SEC is taking more time to decide if Nasdaq can list and trade shares of the Grayscale Hedera Trust (HBAR), a new crypto-based investment. This affects investors interested in HBAR and could impact when these shares become available to trade. The decision deadline is now extended to June 15, 2025, giving regulators extra time to review everything carefully.
Next: 2025-07695 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the Franklin Solana ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
The SEC is taking extra time to review Cboe BZX Exchange’s plan to list and trade shares of the Franklin Solana ETF, a new commodity-based fund. This means investors and traders interested in this ETF will have to wait until June 17, 2025, for a final decision. No money changes yet, but this delay shows the SEC is carefully considering the proposal.