SEC为富兰克林XRP ETF设定了最终决定日期，引发了辩论和期待。 2025年9月是XRP ETF的月份终于获得绿灯吗？

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

XRP ETF手表：2025年9月是决定性的月份吗？

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，富兰克林XRP ETF的截止日期迫在眉睫，这标志着XRP融入主流金融的关键时刻。该机构的决定可以打开XRP ETF的闸门或猛击门关。

SEC Sets the Clock: September 2025 Decision Date

SEC设置时钟：2025年9月决定日期

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.

美国证券交易委员会（SEC）已正式开始制定拟议的富兰克林XRP ETF的正式程序。预计将在2025年9月9日之前做出最终决定。该提案由CBOE BZX Exchange提出，将允许富兰克林·邓普顿（Franklin Templeton）启动持有物理XRP的ETF，并由Coinbase Casundody Trust处理。 ETF的价格将跟踪CF基准CME XRP-Bollar指数，并将在CBOE的BZX Exchange下列出。

Purpose Investments Leads the Way in Canada

目的投资在加拿大领先

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.

在美国等待时，加拿大的目的投资已经在TSX上推出了XRP ETF（XRPP）的目的。该ETF提供了XRP XRP（XRP Ledger（XRPL）的本地代币）的现货接触，该代币迎合了寻求简单透明的数字资产市场访问权限的加拿大投资者。它提供CAD-HEDGED，CAD非螺纹和美元单位，它展示了对XRP暴露的需求不断增长。

SEC's Concerns: Market Manipulation and Investor Protection

SEC的担忧：市场操纵和投资者保护

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目前处于“制定诉讼程序”阶段，本质上是正式调查，收集意见和数据，以确定XRP ETF是否可以防止市场操纵和保护投资者。公众评论是开放的，SEC对XRP市场的成熟度和稳定感兴趣。

The Big Question: Is XRP Ready for an ETF?

一个大问题：XRP准备好了吗？

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.

核心问题是XRP市场是否足够成熟，可以在没有价格操纵或不公平交易实践的情况下处理ETF。如果SEC在2025年9月发出绿灯，那可能是XRP的分水岭。类似的ETF的成功，例如比特币ETF，也被敏锐地观察到。

A Glimpse into the Future

瞥见未来

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.

尽管SEC的决策隐约可见，但加拿大目的XRP ETF的推出信号表明对XRP潜力的信心越来越大。最终，SEC在2025年9月的判决将确定XRP ETF是否成为美国主流投资产品。

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，标记您的日历！ 2025年9月可能是XRP月终于获得ETF时刻。无论是大拇指还是大拇指，这都是演出的一部分。请继续关注，伙计们！