The SEC Opens Public Comment on Franklin Templeton’s XRP and Solana ETFs

SEC Opens Franklin Templeton XRP, SOL ETF Proposals to Public Comment

The U.S. Securities and Exchange Commission (SEC) has opened the floor to public comments on two proposed cryptocurrency exchange-traded funds (ETFs) submitted by Franklin Templeton.

According to filings published on Tuesday, is beginning formal proceedings to determine whether to approve or deny the listings. This latest move extends the Commission’s deadline by 35 days, pushing a potential decision into late July. However, further delays remain possible.

“Institution of proceedings does not indicate that the Commission has reached any conclusions,” the SEC clarified. “The Commission seeks and encourages interested persons to provide comments on the proposed rule change.”

The proposals were first filed in March 2025, with the SEC issuing an initial delay in April. Now, as the public comment phase begins, analysts and crypto investors alike are closely watching whether the agency will greenlight ETFs tied to altcoins beyond Bitcoin and Ethereum.

Growing Interest in Altcoin ETFs

While spot Bitcoin and Ether ETFs have already been approved, financial institutions are increasingly interested in expanding offerings to include other major cryptocurrencies. Franklin Templeton joins a growing list of firms—such as 21Shares, ProShares, and Bitwise—that are seeking to launch XRP or Solana-based products.

Industry observers say the approval of such ETFs could significantly boost institutional access to altcoins, enhancing liquidity and market maturity.

SEC’s Stance Evolving Under New Leadership

The regulatory environment at the SEC has shifted in recent months under SEC Chair Paul Atkins, appointed during the Trump administration. The Commission has softened its enforcement stance and dropped several lawsuits involving major crypto firms.

This trend has led to speculation that the SEC may be more open to altcoin ETF approvals, especially amid broader policy discussions about incorporating crypto into national infrastructure.