Breaking XRP ETF Update as SEC Deals Fresh Blow to Ripple

TL;DR

• The US Securities and Exchange Commission continues to delay making a decision on various applications for spot XRP ETFs.
• With 15 such filings sitting on the agency’s desk, though, experts are convinced that Ripple will have its own spot exchange-traded fund by the end of the year.

The update from the SEC concerns particularly the Franklin XRP ETF, which was filed for review in March this year. The Commission initially postponed making a decision in April this year, seeking further comments from issuers and potential investors.