The legal fight between Ripple and the U.S. Securities and Exchange Commission (SEC) feels like it’s never going to end. In the latest update, both Ripple and the SEC have filed a new report with the Second Circuit Court, asking to keep their appeal on hold while waiting for a decision from the district court.
Ripple is still trying to lower its $125 million penalty to $50 million and get rid of a court-imposed ban. But the judge didn’t approve it yet. Ripple has refiled, and now, everything is paused until the court makes its next decision. The next important update is expected by August 15, 2025.
While the court battle continues, XRP investors are also waiting for news on XRP spot ETFs in the U.S. One of them is Franklin Templeton’s XRP Fund, which has a key deadline on June 17, 2025. But with the lawsuit still ongoing, the SEC is likely to delay its decision on this too.
ETF expert Nate Geraci recently predicted that BlackRock could file for Solana, XRP spot ETFs soon and Solana’s filing might happen any day now, and an XRP ETF application could follow once the Ripple-SEC case finally ends.
Most market experts have agreed in the past that this lawsuit has been holding back ETF plans for XRP in the U.S.
In better news for XRP fans, Purpose Investments is launching its Purpose XRP ETF in Canada after getting final approval from regulators.
The ETF will start trading on the Toronto Stock Exchange on June 18, 2025 under the tickers:
This fund will offer direct exposure to spot XRP and will be available for registered accounts like TFSAs and RRSPs.
Ripple and the SEC have asked the Second Circuit Court to pause appeals until at least August 15, 2025, awaiting a district court decision on their proposed settlement.
The ongoing lawsuit is holding back U.S. XRP spot ETF approvals, with the SEC likely to delay decisions, including Franklin Templeton’s fund.
ETF expert Nate Geraci predicts BlackRock may file for an XRP spot ETF once the Ripple-SEC lawsuit is resolved.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
A new debate has surfaced in the crypto community after claims emerged that Satoshi Nakamoto,…
Ozak AI (OZ) is quickly becoming the name on every investor’s lips in 2025. Priced…
The meme coin space has always been full of surprises. From Dogecoin’s wild Elon-fueled rallies…
The spot ETF market has revealed the recent high demand for altcoins by institutional investors.…
Bitcoin (BTC) price extended its recent gains on Friday to almost retest its all-time high…
Ethereum may be on track to reach $60,000 in the next few years, according to…
