SEC為富蘭克林XRP ETF設定了最終決定日期，引發了辯論和期待。 2025年9月是XRP ETF的月份終於獲得綠燈嗎？

XRP ETF Watch: Will September 2025 Be the Decisive Month?

XRP ETF手錶：2025年9月是決定性的月份嗎？

The SEC's September 9, 2025 deadline looms large for the Franklin XRP ETF, marking a pivotal moment for XRP's integration into mainstream finance. The agency's decision could open the floodgates, or slam the door shut, on XRP ETFs.

SEC的2025年9月9日，富蘭克林XRP ETF的截止日期迫在眉睫，這標誌著XRP融入主流金融的關鍵時刻。該機構的決定可以打開XRP ETF的閘門或猛擊門關。

SEC Sets the Clock: September 2025 Decision Date

SEC設置時鐘：2025年9月決定日期

The U.S. Securities and Exchange Commission (SEC) has officially begun the formal process to decide on the proposed Franklin XRP ETF. A final decision is expected by September 9, 2025. The proposal, filed by Cboe BZX Exchange, would allow Franklin Templeton to launch an ETF that holds physical XRP, with custody handled by Coinbase Custody Trust. The ETF's price would track the CF Benchmark CME XRP-Dollar Index, and it would be listed under Cboe’s BZX Exchange.

美國證券交易委員會（SEC）已正式開始製定擬議的富蘭克林XRP ETF的正式程序。預計將在2025年9月9日之前做出最終決定。該提案由CBOE BZX Exchange提出，將允許富蘭克林·鄧普頓（Franklin Templeton）啟動持有物理XRP的ETF，並由Coinbase Casundody Trust處理。 ETF的價格將跟踪CF基準CME XRP-Bollar指數，並將在CBOE的BZX Exchange下列出。

Purpose Investments Leads the Way in Canada

目的投資在加拿大領先

While the U.S. waits, Canada's Purpose Investments has already launched the Purpose XRP ETF (XRPP) on the TSX. This ETF offers spot exposure to XRP, the native token of the XRP Ledger (XRPL), catering to Canadian investors seeking simple and transparent access to the digital asset market. Available in CAD-hedged, CAD non-hedged, and US dollar units, it showcases the growing demand for XRP exposure.

在美國等待時，加拿大的目的投資已經在TSX上推出了XRP ETF（XRPP）的目的。該ETF提供了XRP XRP（XRP Ledger（XRPL）的本地代幣）的現貨接觸，該代幣迎合了尋求簡單透明的數字資產市場訪問權限的加拿大投資者。它提供CAD-HEDGED，CAD非螺紋和美元單位，它展示了對XRP暴露的需求不斷增長。

SEC's Concerns: Market Manipulation and Investor Protection

SEC的擔憂：市場操縱和投資者保護

The SEC is currently in the "Order Instituting Proceedings" phase, essentially a formal investigation, gathering opinions and data to determine if the XRP ETF can prevent market manipulation and protect investors. Public comments are open, with the SEC keenly interested in the XRP market's maturity and stability.

SEC目前處於“制定訴訟程序”階段，本質上是正式調查，收集意見和數據，以確定XRP ETF是否可以防止市場操縱和保護投資者。公眾評論是開放的，SEC對XRP市場的成熟度和穩定感興趣。

The Big Question: Is XRP Ready for an ETF?

一個大問題：XRP準備好了嗎？

The core question is whether the XRP market is mature enough to handle an ETF without price manipulation or unfair trading practices. If the SEC gives the green light in September 2025, it could be a watershed moment for XRP. The success of similar ETFs, like Bitcoin ETFs, is also being keenly observed.

核心問題是XRP市場是否足夠成熟，可以在沒有價格操縱或不公平交易實踐的情況下處理ETF。如果SEC在2025年9月發出綠燈，那可能是XRP的分水嶺。類似的ETF的成功，例如比特幣ETF，也被敏銳地觀察到。

A Glimpse into the Future

瞥見未來

While the SEC's decision looms, the launch of the Purpose XRP ETF in Canada signals growing confidence in XRP's potential. Ultimately, the SEC's verdict in September 2025 will determine whether XRP ETFs become a mainstream investment product in the US.

儘管SEC的決策隱約可見，但加拿大目的XRP ETF的推出信號表明對XRP潛力的信心越來越大。最終，SEC在2025年9月的判決將確定XRP ETF是否成為美國主流投資產品。

So, mark your calendars! September 2025 could be the month XRP finally gets its ETF moment. Whether it's a thumbs-up or a thumbs-down, it's gonna be one heck of a show. Stay tuned, folks!

因此，標記您的日曆！ 2025年9月可能是XRP月終於獲得ETF時刻。無論是大拇指還是大拇指，這都是演出的一部分。請繼續關注，伙計們！