Securities and Exchange Commission is delaying its decision. Grayscale, 21Shares, Bitwise The following are some examples of how to get started: Canary’s Applications for Ripple XRP XRP ETF “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” On Tuesday, the regulator stated that it was a “regulatory” body.
It is a disappointment for the cryptocommunity who had hoped for XRP ETF approval to become a reality. The four delayed applications were the only ones, though more are expected to be submitted in the near future. The regulator also made decisions to support crypto including ending investigations against several major exchanges. The SEC will need more time before launching a new XRP exchange-traded fund.
Grayscale, a leading crypto asset manager filed an original request to convert their XRP trust in a ETF late in January. In mid-February the SEC acknowledged the proposal, marking the first time that an XRP Trust ETF had been acknowledged by the regulator. This decision was also put off by the SEC on Grayscale’s Dogecoin ETF as well as Canary Capital’s Litecoin ETF.
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At the time of publication, XRP was up 5% at $2.18. Its price has decreased by a small 1% after the SEC made its decision. SEC has set May 25-26 2025 as the deadline for approving or rejecting the Grayscale ETF, 21Shares Bitwise, and CanaryXRP.
It is expected that the SEC will now file 45-day extensions for all the XRP proposals, including those from 21Shares.
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Source: watcher.guru
