The U.S. Securities and Exchange Commission (SEC) is set to deliver a verdict on Franklin Templeton’s proposed spot XRP ETF, named the Franklin XRP Fund, by June 17th, 2025. The deadline follows an extended review period that aims to allow for more in-depth consideration. Despite this, no public comment has been released on the proposal, leaving market observers with a skeptical outlook towards near-term approval. Despite this, analysts believe that XRP’s chances of approval remain high, citing factors such as its strong performance compared to Solana ETFs and historical precedent with Bitcoin ETFs. 83% probability for approval before year end according to Polymarket.