Key Takeaways
- The United States Securities and Exchange Commission is still holding off on reaching a verdict regarding several proposals for spot XRP ETFs.
- Despite the SEC currently reviewing 15 different applications, industry observers largely believe that Ripple will likely have its own spot exchange-traded fund available before the year concludes.
The recent SEC action specifically involves the Franklin XRP ETF, which was submitted for consideration back in March. The regulatory body initially deferred its decision in April, citing a need to gather more input from both the parties issuing the applications and prospective buyers.