XRP ETF Delayed, But Price Surges – Whats Behind the Jump?
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6 days ago
XRP Sec News Today: SEC Delays $XRP ETF, Still Price Surges – Why?
SEC Delays XRP ETF Approval yet XRP Price Surges – What’s Going On?
The SEC has delayed its decision on the XRP Spot ETF along with ETFs for Solana, Litecoin, and Dogecoin. Usually, these delays create doubt in the market and lead to price drops. But this time, XRP’s price has gone up by 3.92% in the last 24 hours, leaving investors questioning what’s driving the surge.
Franklin Templeton Joins the XRP ETF Race Despite SEC Delays
Despite the regulatory setback, Franklin Templeton, a firm managing over $1.5 trillion in assets, has officially applied for an XRP ETF. The proposed Franklin XRP Trust would trade on the Cboe BZX Exchange, with Coinbase Custody Trust Company as its custodian.
This move places Franklin Templeton among a growing list of financial giants, including Grayscale, Bitwise, 21Shares, CoinShares, Canary Capital, and WisdomTree, all waiting for the SEC’s green light on their XRP ETF applications. According to Bloomberg analysts, the likelihood of an XRP ETF approval in 2025 stands at 65%, significantly higher than before.
Why Is XRP’s Price Rising After the ETF Delay?
Normally, when ETF approvals get delayed, prices dip due to uncertainty. But XRP has gone against the trend, climbing to $2.14 with a market cap of $124.76 billion, despite a 26.84% drop in trading volume. This price movement follows a pattern seen earlier this year—a promising rally, followed by a crash, then another surge as we have seen in the starting of March and then after Trump crypto reserve news.
Crypto analysts at Coin Gabbar suggest that despite the SEC’s cautious stance, the demand for an XRP ETF remains strong, leading to speculative buying. Additionally, the recent crypto crash had wiped out weaker hands, allowing long-term holders to accumulate XRP at lower prices.
More Crypto ETFs Face Delays
XRP isn’t the only crypto ETF stuck in regulatory limbo. The SEC has also delayed decisions on:
Grayscale’s Dogecoin, Litecoin, and Solana ETF
21Shares’ Ethereum ETF with staking features
Bitcoin and Ethereum ETFs with in-kind creation and redemption features (filed by BlackRock and Fidelity)
Despite the delays, things are shifting in the crypto space. With Gary Gensler out and the Trump administration in, the SEC’s stance on crypto seems to be shifting. Recently, the agency dropped lawsuits against Uniswap, Robinhood, Coinbase, and Gemini, signaling a more crypto-friendly approach. Investors now anticipate that regulatory approvals for crypto assets will improve due to more favorable crypto attitudes which should lead to ETF approval soon.
Read more:- https://www.coingabbar.com/en/crypto-currency-news/xrp-sec-news-today-sec-delays-xrp-etf-still-price-surges-why
SEC Delays XRP ETF Approval yet XRP Price Surges – What’s Going On?
The SEC has delayed its decision on the XRP Spot ETF along with ETFs for Solana, Litecoin, and Dogecoin. Usually, these delays create doubt in the market and lead to price drops. But this time, XRP’s price has gone up by 3.92% in the last 24 hours, leaving investors questioning what’s driving the surge.
Franklin Templeton Joins the XRP ETF Race Despite SEC Delays
Despite the regulatory setback, Franklin Templeton, a firm managing over $1.5 trillion in assets, has officially applied for an XRP ETF. The proposed Franklin XRP Trust would trade on the Cboe BZX Exchange, with Coinbase Custody Trust Company as its custodian.
This move places Franklin Templeton among a growing list of financial giants, including Grayscale, Bitwise, 21Shares, CoinShares, Canary Capital, and WisdomTree, all waiting for the SEC’s green light on their XRP ETF applications. According to Bloomberg analysts, the likelihood of an XRP ETF approval in 2025 stands at 65%, significantly higher than before.
Why Is XRP’s Price Rising After the ETF Delay?
Normally, when ETF approvals get delayed, prices dip due to uncertainty. But XRP has gone against the trend, climbing to $2.14 with a market cap of $124.76 billion, despite a 26.84% drop in trading volume. This price movement follows a pattern seen earlier this year—a promising rally, followed by a crash, then another surge as we have seen in the starting of March and then after Trump crypto reserve news.
Crypto analysts at Coin Gabbar suggest that despite the SEC’s cautious stance, the demand for an XRP ETF remains strong, leading to speculative buying. Additionally, the recent crypto crash had wiped out weaker hands, allowing long-term holders to accumulate XRP at lower prices.
More Crypto ETFs Face Delays
XRP isn’t the only crypto ETF stuck in regulatory limbo. The SEC has also delayed decisions on:
Grayscale’s Dogecoin, Litecoin, and Solana ETF
21Shares’ Ethereum ETF with staking features
Bitcoin and Ethereum ETFs with in-kind creation and redemption features (filed by BlackRock and Fidelity)
Despite the delays, things are shifting in the crypto space. With Gary Gensler out and the Trump administration in, the SEC’s stance on crypto seems to be shifting. Recently, the agency dropped lawsuits against Uniswap, Robinhood, Coinbase, and Gemini, signaling a more crypto-friendly approach. Investors now anticipate that regulatory approvals for crypto assets will improve due to more favorable crypto attitudes which should lead to ETF approval soon.
Read more:- https://www.coingabbar.com/en/crypto-currency-news/xrp-sec-news-today-sec-delays-xrp-etf-still-price-surges-why
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