SEC Kicks WisdomTree’s XRP ETF Can Down the Road—October 2025 Now D-Day

Regulators hit snooze on crypto's hottest ETF play—again.

XRP investors left twisting in the wind as SEC delays decision on WisdomTree's proposed ETF. The move pushes final verdict to October 2025, marking the third postponement for what would be the first XRP-focused exchange-traded fund.

Wall Street's favorite stalling tactic buys more time to 'study' an asset that's traded publicly since 2013. Meanwhile, Europe and Asia lap the U.S. in crypto adoption—but hey, at least our regulators are consistent in their inconsistency.

The delay comes despite WisdomTree's spotless compliance record and XRP's recent legal clarity. Some see it as proof the SEC's 'careful consideration' really means 'hoping crypto winter makes the problem disappear.'

For now, traders keep playing the SEC delay arbitrage game—buy the rumor of approval, sell the news of postponement. Just don't ask when the music stops.

Analyst Predict 95% Chance of Approval

Bloomberg analysts Eric Balchunas and James Seyffart said there is a “95% chance” that the SEC will approve these XRP ETFs this year. Both also explained that the SEC might approve them all together, just as it did with Bitcoin and ethereum ETFs earlier.

Ahead of these deadlines, all XRP ETF issuers have updated their S-1 filings. Grayscale even submitted a new registration statement for its planned XRP Trust ETF. James Seyffart said these changes were “almost certainly due to feedback from the SEC,” calling it a good sign even though it was widely expected.

The SEC explained that extensions like this are normal in the process of reviewing digital asset funds. The Commission said delays help it properly study market risks, and other issues before making a decision. 

The SEC also gave updates on other crypto-related filings. It asked for comments on Canary Capital’s staked TRX ETF and extended its review of Canary’s PENGU ETF, which is tied to meme coins like Dogecoin.

Canary further filed for an “American-made crypto ETF” to give investors exposure to cryptocurrencies linked to the U.S. by their creation, minting, or operations. XRP fits into this category, so it could be included in the new fund.

Also Read: Global Exchanges Warn Tokenised Stocks Could Threaten Market Trust