The regulator will extend the review period for Grayscale’s XRP ETF until mid-October.
Franklin Templeton’s application has up to 240 days for approval or rejection by the SEC.
The US Securities and Exchange Commission (SEC) has delayed
its decision on Grayscale’s application for a spot XRP exchange-traded fund
(ETF). A notice filed on Tuesday stated that the agency requires “a longer
period” to evaluate the proposal.
SEC Review of Grayscale’s XRP ETF
The SEC acknowledged Grayscale’s application last month,
starting a 45-day review period. The agency can extend this process for up to
240 days from the date the proposal was published in the Federal Register. The
next deadline falls on May 21, but a final decision may not come until
mid-October.
Source: SEC
Franklin Templeton Files for Spot XRP ETF
Meanwhile, Franklin Templeton has filed for a spot XRP ETF.
The proposed fund aims to track the spot price of XRP, with assets held by
Coinbase Custody. Shares would trade on the Cboe BZX Exchange, with creation
and redemption handled through cash converted to XRP via a third party.
Shareholders would not receive XRP Ledger forks or airdrops.
The SEC has up to 240 days to review Franklin Templeton’s
application. The firm joins Bitwise, 21Shares, Canary Capital, WisdomTree, and
CoinShares in seeking approval for an XRP ETF. These filings reflect a broader
trend of major financial firms entering the crypto ETF market.
XRP ETF Demand Follows Bitcoin ETF Success
The interest follows the success of spot Bitcoin ETFs. These
funds have seen rapid adoption and now manage nearly $100 billion in assets.
Ripple Labs CEO Brad Garlinghouse has previously stated that an XRP ETF
approval in the U.S. is “inevitable,” citing demand from institutional and
retail investors.
XRPUSD, H1 Chart, Source: TradingView
However, the uncertainty surrounding regulatory approval has
coincided with market activity. XRPUSD is currently hovering around a key
confluence level on the intraday charts, with the potential to generate strong
momentum in either direction. Traders are watching for a breakout as
speculation around the ETF decision continues.
The US Securities and Exchange Commission (SEC) has delayed
its decision on Grayscale’s application for a spot XRP exchange-traded fund
(ETF). A notice filed on Tuesday stated that the agency requires “a longer
period” to evaluate the proposal.
SEC Review of Grayscale’s XRP ETF
The SEC acknowledged Grayscale’s application last month,
starting a 45-day review period. The agency can extend this process for up to
240 days from the date the proposal was published in the Federal Register. The
next deadline falls on May 21, but a final decision may not come until
mid-October.
Source: SEC
Franklin Templeton Files for Spot XRP ETF
Meanwhile, Franklin Templeton has filed for a spot XRP ETF.
The proposed fund aims to track the spot price of XRP, with assets held by
Coinbase Custody. Shares would trade on the Cboe BZX Exchange, with creation
and redemption handled through cash converted to XRP via a third party.
Shareholders would not receive XRP Ledger forks or airdrops.
The SEC has up to 240 days to review Franklin Templeton’s
application. The firm joins Bitwise, 21Shares, Canary Capital, WisdomTree, and
CoinShares in seeking approval for an XRP ETF. These filings reflect a broader
trend of major financial firms entering the crypto ETF market.
XRP ETF Demand Follows Bitcoin ETF Success
The interest follows the success of spot Bitcoin ETFs. These
funds have seen rapid adoption and now manage nearly $100 billion in assets.
Ripple Labs CEO Brad Garlinghouse has previously stated that an XRP ETF
approval in the U.S. is “inevitable,” citing demand from institutional and
retail investors.
XRPUSD, H1 Chart, Source: TradingView
However, the uncertainty surrounding regulatory approval has
coincided with market activity. XRPUSD is currently hovering around a key
confluence level on the intraday charts, with the potential to generate strong
momentum in either direction. Traders are watching for a breakout as
speculation around the ETF decision continues.
Coinbase Enters Prediction Markets as the Amazonification of Financial Platforms Gathers Pace
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
