TLDR:
- SEC opens public comment to Franklin’s XRP ETF when the review formally begins.
- ETF aims to track the CME XRP dollar index with Coinbase as a custody supplier.
- XRP acts lower but has a raised technical structure despite the SEC review.
- September 9 Set as a key deadline for SEC’s 180-day decision windows.
The US Securities and Exchange Commission (SEC) has progressed with a formal review process for the proposed Franklin XRP ETF. The decision, which was announced on June 17, marks a major step towards deciding whether XRP can enter the ETF market.
When Crypto ETF applications are accelerated, this review signals growing regulatory interest in altcoin-based funds. Although no approval has been granted yet, SEC’s measures are placed on XRP under increased review.
Public efforts will play a role in the final decision, which is expected later this year.
Franklin XRP ETF proposal during investigation
According to a post by Generation Infinity, Franklin XRP Trust aims to offer a physical Supported XRP ETFWith custody managed by Coinbase Custody Trust.
According to the archiving, ETF would track CF Benchmark CME XRP-Dollar index. Shares would be created and redeemed in blocks of 50,000 under CBOE BZX rule 14.11 (E) (4), which controls commodity-based trust shares.
🚨 $ XRP ETF -update (June 17)
SEC has officially initiated procedures to determine whether they should approve or reject the proposed list of Franklin XRP ETF on CBOE BZX.
Here is what it means – and the most important dates you should know 👇
📌 What is suggested:
– Franklin XRP … pic.twitter.com/Q5DEYWVGLE
– Generation Infinity (@Genfinityio) June 18, 2025
SEC received Franklin XRP ETF proposal on March 13. It then published the submission in the federal register on March 19. On June 17, the agency issued a decision that set up procedures to initiate a deeper review under the Exchange Act.
SEC stated that it is looking for public comments, especially about whether XRP’s market structure can support accurate pricing and withstand manipulation.
Officials evaluate whether the ETF list is in line with section 6 (B) (5) of the Exchange Act, which covers investors’ protection and market integrity. The next big deadline is likely to fall on September 9, 2025, which marks the 180-day review window.
The agency emphasized that no decision has been made yet and the investigation aims to assess whether ETF can function within existing legislative standards.
XRP technical outlook remains haussearted
In the midst of regulatory development, technical analysts continue to see potential upwards for XRP.
In a new update, Xforceglobal pointed to an elliott -wave pattern that indicates a raised macro set. The diagram highlights a successful breakout from Wave 4’s triangle and a consistent 1-2 back, both adapt to hike-like expectations.
The macro direction was met with a very small margin of error. Everything from Wave 4 Triangle Breakout to the expected 1-2 return after 5-wave impulse. Everything followed the plan.
There is no valid reason to adopt a baisse -like attitude unless the market … https://t.co/gafa7ddip pic.twitter.com/jsmuxbvfyx
– Xforceglobal (@xforceglobal) June 18, 2025
The analysis indicates that unless the key support levels are broken, the haus -like scenario will remain intact. The dashed road showing the ultra-bullish forecast seems to gain credibility when current price movements follow the expected trend.
Despite the news, XRP is trading lower at $ 2.14, which reflects a reduction of 2.85% over the past 24 hours. Data from Coytecko also shows a decline of 7.44% over the past week. But the feeling remains focused on potential long -term gains about ETF ensures approvall.
