- BlackRock’s potential XRP ETF filing could influence the SEC’s approach to crypto-related ETF approvals amid ongoing regulatory delays.
- Despite SEC delays, Franklin Templeton’s XRP ETF filing signals growing institutional interest in XRP-focused financial products.
The approval of a spot XRP exchange-traded fund (ETF) application by BlackRock could impact the U.S. Securities and Exchange Commission (SEC) decision-making process. Following recent delays by the SEC on several crypto ETF applications, including those for Ripple’s XRP, the industry is now speculating whether BlackRock’s involvement might influence the regulatory body’s approach.
On March 11, 2025, the SEC announced delays on several ETF applications, including those for XRP. Notably, Grayscale and Canary Capital applications were included in the postponement. This delay adds to a growing trend of extended review periods for cryptocurrency-related ETFs.
Bill Morgan, a prominent lawyer advocating for XRP, raised an important point, noting that BlackRock could leverage the delays as an opportunity to file an XRP-based ETF. By waiting, BlackRock might position itself for a competitive advantage in the market when the SEC decides.
BlackRock May be happy with the delay in the approval of current applications. Time conveniently needed for BlackRock to file an XRP ETF and catchup. https://t.co/3bmt8I62VZ pic.twitter.com/99D4asosuJ
— bill morgan (@Belisarius2020) March 12, 2025
While BlackRock has not officially indicated plans to file an XRP ETF, speculation is growing within the industry. The timing of such an application could be important as the crypto market currently faces uncertainties around regulatory approval.
Despite the SEC delays, Franklin Templeton, a $1.5 trillion asset management firm, has filed its own XRP ETF. The filing proposes that the Coinbase Custody Trust Company will serve as the custodian for the fund’s XRP holdings.
This move is relevant as it marks another development in the increasing interest from institutional players in XRP-related financial products. Although the SEC has delayed decisions on multiple ETF proposals, Franklin Templeton’s filing adds momentum to the growing list of firms seeking approval for XRP ETFs.
The involvement of large institutions like Franklin Templeton points out the continued interest in XRP-focused ETFs despite ongoing regulatory challenges. The SEC’s decision on these filings could have far-reaching consequences for the broader crypto market.
SEC Delays Decision on Multiple ETF Applications
The SEC’s delay on XRP-related ETF applications is part of a general trend of postponements on other altcoin ETF proposals. Applications for Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC) ETFs have also been affected.
The SEC has extended its review period for these ETFs as it continues to assess the proposals and related issues. For XRP, the SEC cited the need for additional time to evaluate the proposed rule changes before making a final decision.
The decision on the Canary Capital and Grayscale XRP ETFs is now scheduled to be further reviewed after the SEC extended the 45-day review period initially set to expire on April 6, 2025. The ongoing delays reflect the SEC’s cautious approach to approving cryptocurrency investment products, particularly amid the regulatory landscape’s uncertainty.
Other Altcoin ETF Delays
In addition to the XRP-related ETFs, the SEC also announced delays for other cryptocurrency ETF applications, including those for Solana, Litecoin, and Dogecoin. Applications for ETFs related to these altcoins, filed by firms like VanEck, 21Shares, and Canary, will remain under review. The SEC’s decision on these altcoin-related ETFs will be pushed further into 2025, with specific dates for each application still to be determined.
Despite these delays, the ongoing filings and reviews indicate continued institutional interest in digital assets and cryptocurrency-related financial products. The outcome of these ETF applications will likely play a role in shaping the future of crypto investment products and their regulatory environment.
The post Will BlackRock’s XRP ETF Application Sway the US SEC? appeared first on ETHNews.
