XRP ETF Approval Delayed Again by SEC
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on XRP ETF applications. Investors and analysts remain hopeful, despite the delay.
On August 18, SEC notices revealed extended reviews for multiple XRP ETF applications. Issuers like CoinShares, 21Shares, Canary Capital, and Grayscale face new deadlines in October, adding more uncertainty to the launch timeline.
This isn’t the first setback. In May, the SEC cited the need for further deliberation. The latest extension mirrors delays seen across other altcoin ETFs, including Solana and Litecoin filings.
- SEC extends review period for XRP, Solana, and Litecoin ETFs.
- New deadline set between October 18-23.
- Delays add to existing uncertainties but don’t signal rejection.
Despite the setbacks, many believe XRP ETF approval is still probable. Bloomberg ETF experts James Seyffart and Eric Balchunas place the odds at 95%, buoyed by the resolution of the Ripple-SEC dispute. This clarity could pave the way for a successful launch.
Betting platform Polymarket shows a 77% chance of approval by year-end, indicating sustained industry optimism. Although BlackRock denied rumors of entering the XRP ETF fray, the overall forecast remains positive.
While the ultimate decision lies with the SEC, the XRP community maintains high hopes for a green light. For now, patience prevails as investors await further regulatory guidance.
