The United States Securities and Exchange Commission (SEC) has delayed its choices on three high-profile spot XRP ETF proposals, extending deadlines for Bitwise, CoinShares, and 21Shares — a testomony to ongoing regulatory conservatism in itemizing ETF merchandise within the United States.
XRP ETFs Decision Postponed October 19
In a release, the SEC formally extended its overview of the 21Shares Core XRP Trust, transferring its resolution past the preliminary August 20 deadline by an extra 60 days. The new deadline is October 19, 2025
This comes after the preliminary submission on February 6, 2025, and its superseding Amendment No. 1 on February 12. The extension provides the Commission ample time to stability public remark and regulatory elements underneath the Exchange Act. In the absence of approval or disapproval by October 19, the SEC forfeits its statutory overview interval for the 21Shares proposal.
The SEC additionally put out an analogous launch for Bitwise and CoinShares XRP ETFs. The Commission will now have till October to determine whether or not or to not approve these funds. The company is prone to approve all these funds concurrently, because it did with the Bitcoin and Ethereum ETFs.
If so, the Commission will determine on all these funds by October 17, which is the primary closing deadline among the many eight pending spot ETF functions. These embody Grayscale, Canary Capital, WisdomTree, Franklin Templeton, and REX-Osprey, alongside the opposite three, which noticed delays at this time. Notably, the world’s largest asset supervisor, BlackRock, has publicly ruled out an XRP ETF filing.
Meanwhile, the SEC has additionally moved to delay different altcoin ETFs and pending filings. As CoinGape reported, the Commission introduced that it’s extending the overview interval for Truth Social’s Bitcoin and Ethereum ETF.
The company additionally delayed the Solana ETFs until October, indicating that each one pending crypto ETFs might launch on the similar time. There are additionally pending functions for altcoins akin to Litecoin, Dogecoin, Cardano, Hedera, PENGU, and Avalanche.
Coingape Staff
CoinGape includes an skilled workforce of native content material writers and editors working around the clock to cowl information globally and current information as a truth somewhat than an opinion. CoinGape writers and reporters contributed to this text.
Investment disclaimer: The content material displays the creator’s private views and present market situations. Please conduct your personal analysis earlier than investing in cryptocurrencies, as neither the creator nor the publication is accountable for any monetary losses.
Ad Disclosure: This website might function sponsored content material and affiliate hyperlinks. All commercials are clearly labeled, and advert companions don’t have any affect over our editorial content material.
