ProShares has requested a change in the launch date with the U.S. Securities and Exchange Commission (SEC), moving it to June 25, 2025. This means that Solana and XRP ETFs may potentially be authorized by then. Additionally, Franklin Templeton’s XRP ETF has a deadline set for June 17, raising hopes for an approval this month.
As per the document, this revised decision assigns a fresh effective date for a prior amendment that was previously filed. To put it simply, this adjustment is particularly relevant to Proshares Solana and XRP ETF applications that were initially submitted on January 17, 2025, but will now take effect on a different date.
On June 10th, I submitted two Form N-1A filings to the SEC, asking for a change in the effective dates for my XRP and SOL ETFs. If the SEC approves this request, they’ll need to make a clear decision on these matters by the specified date, rather than pushing it back like they have been doing recently.
In the recent filing, the SEC didn’t provide specific explanations for the delays, but it’s common practice to make modifications when introducing new investment products. At present, no spot XRP ETF has received approval from the SEC, but ProShares and Franklin Templeton have a strong possibility of being the first to do so.
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2025-06-11 00:00