SEC Kicks the Can Down the Road—Delays Decision on All Five XRP ETF Proposals
The SEC just hit snooze on the crypto industry's alarm clock—again. Five XRP ETF applications now gather dust in regulatory limbo as Wall Street's favorite "wait-and-see" strategy plays out.
Regulators or roadblocks?
Chair Gensler's team punted all five proposals simultaneously, dodging calls to clarify XRP's status despite Ripple's partial legal wins. Traders left checking calendars—2025 looks increasingly like 2024 with extra steps.
The institutional hunger games
Asset managers keep lining up ETF shots while the SEC plays goalie. XRP volumes spike 30% post-delay as speculators bet on eventual approval—or just enjoy the volatility carnival.
Another day, another delay. The only certainty? Lawyers keep billing hours while traders meme the frustration away.
The SEC delays making a decision on XRP ETF proposals
Like the 21Shares XRP ETF proposal, the SEC has postponed its decisions on Grayscale, CoinShares, and Bitwise XRP ETF filings. The regulator’s new deadline for all these proposals remains October 19, with analysts anticipating the agency may handle them consistent with previous Bitcoin and ethereum ETF reviews.
If this expectation holds, the SEC could issue final decisions on all eight pending spot ETF applications—including Franklin Templeton, REX-Osprey, WisdomTree, and five others—by October 18, the initial final deadline set for these unsettled funds.
Speculation also suggests that multiple ETFs, including Solana-based funds, could launch simultaneously, as the SEC has extended its review for solana ETFs to align with the October deadline.
Despite the Optimism that a decision will be made soon, BlackRock, the biggest asset manager in the world, announced just recently that it will not apply for an XRP ETF. Other pending applications for cryptocurrencies include Cardano, Hedera, Litecoin, Avalanche, Dogecoin, and PENGU.
The SEC extends review of altcoin ETFs
A similar approach was applied to several altcoin ETFs and various filings, according to reports from a reliable source, the SEC had extended the deadline for its review period for Truth Social’s Bitcoin and Ethereum ETF. These funds are not the only funds that will expose investors to Bitcoin and Ethereum because the agency had earlier approved Hashdex and Franklin Templeton’s funds, which have similar functions.
In addition, before the August 24 deadline, the agency had earlier delayed its decision on the CoinShares Litecoin ETF.
Considering the above Scenario, October 23 seems to be the final deadline for the SEC to decide whether to approve or disapprove this fund. Canary Capital and Grayscale are among the firms that have submitted an LTC ETF application.
The deadline will also feature the regulatory body’s decision on staking for the 21Shares Ethereum ETF and Grayscale’s Dogecoin ETF.
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