The long waiting for a fund exchanging in exchange XRP (ETF) has become more serious. The American Securities and Exchange (SEC) commission has officially launched an official process to decide to approve or reject the proposed Franklin XRP.
A final decision is expected by September 9, 2025 – a date to monitor.
The formal XRP ETF process started
The proposal, tabled by CBOE BZX Exchange, would allow Franklin Templeton to launch an ETF which contains physical XRP, similar to the way ETF Bitcoin now hold real bitcoin.
The ETF plans to use Coinbase Custody Trust to store the tokens, while the price would follow the CF Benchmark CME XRP-Dollar index. It would be listed in the context of CBOE BZX exchange, following the same rules used for other products based on products.
Dry until September 9 to relaunch XRP ETF
But before it happens, the dry wants to look more closely. The agency moved into the “order procedure of order”, which is essentially an official survey.
The dry now brings together opinions and data to answer major questions: will this ETF XRP protect investors? Can it prevent market manipulation?
And does it meet the standards of the law?
The examination process began in March 2025, and the next major date is September 9, 2025. By then, the SEC will likely come to a decision, in lighting on the FNB or by blocking it.
What is interesting is that the dry actively actively requires the public of the comments. They are particularly interested, whether the XRP market is mature enough to manage an ETF without price manipulation or unfair negotiation practices.
For the moment, all eyes are in September. If the dry gives the green light, it could mark a huge step for XRP
Currently, the XRP price is negotiated approximately $ 2.12, reflecting an increase of 4.14% observed in the last 24 hours.
