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Important Update Regarding Franklin Templeton’s Ripple (XRP) ETF: Details

The US Securities and Exchange Commission is using all tricks up its sleeve before making a decision on the spot XRP ETF.
George Georgiev
By George Georgiev

The United States Securities and Exchange Commission has delayed making a decision regarding the XRP ETF filed by Franklin Templeton.

Moreover, the Commission is now inviting public comment on whether to approve or deny the proposal, which was formally proposed for listing the Chicago Board Options Exchange (CBOE).

The deadline for submitting comments and rebuttals is set for late July. It’s worth noting that Franklin Templeton is currently the largest company to have filed for a spot XRP ETF and this delay is not indicative of the Commission’s decision to list the product. These extensions are well within its jurisdiciton and are considered relatively expected.

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Ripple (XRP) Price
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About the author

George Georgiev
George Georgiev
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Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over 8 years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping.