XRP ETF Put on Hold Amid Ripple Court Case Postponement

The legal fight between Ripple and the U S. securities and Exchange Commission (SEC) is going on. And now, there comes another twist.

Both have recently submitted a new report to the Second Circuit Court. In the report, they have asked the court to keep their appeal paused for now. Why? Because they’re still waiting on a decision from the district court in their long-running lawsuit.

Source: X

What’s Holding Back XRP ETFs?

While the legal case continues between Ripple and US, many Ripple investors are also impatiently waiting for updates on spot Exchange Traded Funds (E T F) tied to Ripple in the U.S.

One of the major questions in Exchange Traded Fund is Franklin Templeton’s XRP Fund, which has a key decision deadline set for June 17, 2025. But with the Ripple vs SEC lawsuit still in motion, experts believe that the SEC will likely delay making any decisions about this E xchange T raded F unds too.

This is for the very first time this has happened. For years now, experts and market watchers have agreed that this lawsuit has been holding back XRP from gaining more mainstream adoption in the U.S.—especially when it comes to financial products like E xchange T raded F unds .

Could BlackRock Be Next?

Nate Geracui who is an ETF specialist recently shared his thoughts on social media, predicting that BlackRock could soon file for spot ETFs for Solana and XRP. He suggested that a Solana ETF filing might happen “any day now.”

As , Geraci noted that an application could follow—but only after the Ripple-SEC case is finally resolved. So,once the legal fog clears, you could see XRP join the growing list of cryptocurrencies with official ETF applications in the pipeline.

Canada is moving Ahead with XRP ETF Launch

While the U.S. drags its feet, Canada is stepping forward. A new  ETF is officially set to launch on the Toronto Stock Exchange (TSX) on June 18, 2025.

Here are the tickers you’ll want to keep an eye on:

• XRPP (CAD-hedged)
  
  

• XRPP.B (CAD)
  
  

• XRPP.U (USD)
  
  

This fund will give Canadian investors direct exposure, that means it holds real Ripple rather than just tracking its price. Even better, it will be available for tax-advantaged accounts like TFSAs (Tax-Free Savings Accounts) and RRSPs (Registered Retirement Savings Plans).

Now, What’s Next?

For U.S. investors, all eyes are on the courts. Until the Ripple-SEC case is fully settled, it’s unlikely you will see an approved Exchange Traded Fund in the U.S. anytime soon. But once it’s over, there could be a wave of activity from major players like BlackRock.

In the present time, Canada is offering a new way for investors to gain the exposure—no lawsuit delays involved.

So whether you’re watching from the U.S. or already preparing to invest through the TSX, XRP’s journey is far from over. The next few months could be very interesting for Ripple  holders and the crypto ETF world as a whole.