Ah, the grand spectacle of bureaucracy! The U.S. Securities and Exchange Commission (SEC), that revered institution, has decided to hold its breath a little longer before issuing a verdict on the spot XRP filing proposed by none other than the financial leviathan, Franklin Templeton, which, with its towering $1.4 trillion, surely knows how to play the game of waiting.
What a twist! The decision, initially set for May 3, has now been pushed back—oh, yes, you guessed it—until June 17. Could they be pondering the fate of the world’s fourth-largest cryptocurrency by market cap? Probably not. More likely, they’re just having another coffee break in their air-conditioned offices.
To all the holders of this precious XRP, I say, “Fear not, my friends!” For this delay is nothing but a routine formality, a mere tick on the grand clock of regulatory diligence. Surely, this is not a harbinger of doom. Just another day in the life of paperwork and waiting.
After all, in the grand theater of finance, what would an ETF filing be without a delay or two? The SEC is just dotting its i’s and crossing its t’s—because that’s what they do best. No need to read into this, my dear reader, as the delay is as common as a cat chasing its tail.
Let us all marvel at the scale of Franklin Templeton, the financial behemoth that has dared to file for a spot XRP ETF. In early March, they submitted their S-1 form, and now, we are all swept up in this whirlwind of waiting, watching, and waiting some more. Ah, the suspense!
But wait, there’s more! Earlier today, in a move that sent waves of disbelief through the financial world, the SEC also delayed Franklin Templeton’s Solana ETF filing. Why not keep us all on the edge of our seats? What else is bureaucracy for, if not to test our patience?
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2025-06-17 20:26