Catenaa, Friday, June 20,2025- The US Securities and Exchange Commission has initiated public comment periods for two cryptocurrency exchange-traded fund proposals from asset manager Franklin Templeton, pushing the review deadline to late July.
The SEC announced Tuesday that it is formally considering rule changes to allow the Chicago Board Options Exchange (Cboe BZX) to list the Franklin XRP ETF and Franklin Solana ETF.
These filings follow a March request from the Cboe BZX Exchange, with the SEC delaying its decision in April and extending the timeline through Tuesday.
The notice effectively extends the regulator’s deadline for approval or denial by 35 days to July, with potential for further delays.
This move comes after the SEC’s recent approval of spot Bitcoin and Ether ETFs, as firms race to gain first-mover advantage on ETFs tied to tokens like XRP and Solana.
Other asset managers including Bitwise, ProShares, and 21Shares have also filed for XRP and Solana-linked investment products, amid shifting regulatory attitudes under SEC Chair Paul Atkins, a Trump administration appointee known for a more lenient stance on digital assets.
The future of XRP and Solana ETFs remains uncertain, though recent regulatory changes and the Trump administration’s expressed interest in building a U.S. crypto stockpile add new dimensions to the evolving landscape.
