SEC Delays Approval On Three XRP ETFs

The United States Securities and Exchange Commission (SEC) has delayed its decisions on three high-profile spot XRP ETF proposals, extending deadlines for Bitwise, CoinShares, and 21Shares — a testament to ongoing regulatory conservatism in listing ETF products in the United States.

XRP ETFs Decision Postponed October 19

In a release, the SEC officially prolonged its review of the 21Shares Core XRP Trust, moving its decision beyond the initial August 20 deadline by an additional 60 days. The new deadline is October 19, 2025

This comes after the initial submission on February 6, 2025, and its superseding Amendment No. 1 on February 12. The extension gives the Commission ample time to balance public comment and regulatory factors under the Exchange Act. In the absence of approval or disapproval by October 19, the SEC forfeits its statutory review period for the 21Shares proposal.

The SEC also put out a similar release for Bitwise and CoinShares XRP ETFs. The Commission will now have until October to decide whether or not to approve these funds. The agency is likely to approve all these funds simultaneously, as it did with the Bitcoin and Ethereum ETFs.

If so, the Commission will decide on all these funds by October 17, which is the first final deadline among the eight pending spot ETF applications. These include Grayscale, Canary Capital, WisdomTree, Franklin Templeton, and ProShares, alongside the other three, which saw delays today. Notably, the world’s largest asset manager, BlackRock, has publicly ruled out an XRP ETF filing.

Meanwhile, the SEC has also moved to delay other altcoin ETFs and pending filings. As CoinGape reported, the Commission announced that it is extending the review period for Truth Social’s Bitcoin and Ethereum ETF.

The agency also delayed the Solana ETFs till October, indicating that all pending crypto ETFs could launch at the same time. There are also pending applications for altcoins such as Litecoin, Dogecoin, Cardano, Hedera, PENGU, and Avalanche.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.