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XRP ETF News: SEC Opens Official Review Process for Franklin’s Crypto Fund
The United States Securities and Exchange Commission (SEC) has officially initiated the review process for Franklin’s proposed Ripple ETF. This development marks a significant step in determining whether XRP can be listed on an exchange as a traded fund.
According to Generation Infinity, the Franklin XRP Trust plans to offer a physically backed XRP ETF with Coinbase Custody Trust managing the custody of the underlying assets. The trust aims to track the CF Benchmark CME XRP-Dollar Index and will create and redeem shares in blocks of 50,000 units under Cboe BZX Rule 14.11(e)(4), which regulates commodity-based trust shares.
As part of this review process, the SEC has opened public comment, seeking input on several key issues. The agency is particularly interested in understanding whether XRP’s market structure can support accurate pricing and resist manipulation. Officials will also assess whether the ETF listing aligns with Section 6(b)(5) of the Exchange Act, focusing on investor protection and market integrity.
The September 9, 2025 deadline marks a crucial milestone for Franklin’s proposal. If approved, this development would represent significant progress in bringing XRP closer to entering the ETF market. However, it is essential to note that no decision has been made yet, as the investigation aims to determine whether the ETF can operate within existing regulatory standards.
Meanwhile, technical analysts continue to predict a bullish outlook for XRP despite ongoing scrutiny from regulators. In a recent update, XForceGlobal highlighted an Elliott Wave pattern indicating a potential macro setup, emphasizing the importance of the breakout wave 4 triangle and consistent pullback trends.
Source: blockonomi.com
