US SEC Delays Decision on XRP Spot ETF and Ethereum Spot ETF Staking Approval

Suehyeon Lee

Summary

The SEC has delayed the approval of Franklin Templeton's XRP Spot ETF until June 17, and the delay decision also applies to Grayscale's Ethereum Spot ETF staking.
The SEC also delayed the decision on the approval of Bitwise's Dogecoin Spot ETF, and according to James Seyffart, Bloomberg ETF analyst, further delays in spot ETF approvals are expected.
It was mentioned that this delay decision could also affect the SEC's decision on Solana and Hedera Spot ETFs.

The U.S. Securities and Exchange Commission (SEC) has delayed the approval decision on Franklin Templeton's XRP Spot ETF and Grayscale's Ethereum Spot ETF staking.

On the 30th (local time), Eleanor Terrett, host of Crypto in America, reported on X that "the SEC has delayed the decision on whether to approve Franklin Templeton's XRP Spot ETF until June 17."

Additionally, the SEC delayed the decision on whether to allow Grayscale's Ethereum Spot ETF staking and the approval decision on Bitwise's Dogecoin (DOGE) Spot ETF on the same day.

Regarding this, James Seyffart, a Bloomberg ETF analyst, stated, "There was a delay in the SEC's decision on Ethereum staking and Dogecoin ETF today," and predicted, "It is expected that the approval decision on some Solana (SOL) and Hedera (HBAR) Spot ETFs will be delayed today or at the latest within this week."