
Some progress has been made in the ETF applications by getting listed on the U.S. Depository Trust and Clearing Corporation (DTCC). However, the Securities and Exchange Commission (SEC) continues to delay the deadline. On September 10, the agency announced that it will issue its final decision on Franklin’s XRP ETF proposal later this year.
In a notice, the SEC wrote, “The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change, and the issues raised therein.”
Several XRP ETF applications are under SEC review, with final decisions expected between October and November 2025 after multiple deadline extensions.
Yes, the ProShares Ultra XRP ETF, a 2x leveraged futures fund, was approved and launched on July 18, 2025. Spot ETF applications are still pending.
Several applications are still under review, including those from Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, Franklin Templeton, CoinShares, and RexShares Rex-Osprey.
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