SEC Commissioner Caroline Crenshaw discussed delays in approving XRP ETFs, clarifying that they are procedural rather than indicative of a refusal to launch such products.
Understanding the Cause of Delays
In an interview, Commissioner Crenshaw explained that the delays are related to the SEC's bureaucratic processes. She noted that the agency must adhere to strict analytical requirements, which extends the timeline for approval of applications. Crenshaw urged market participants to be patient, as the evaluation process will take time. She confirmed that the agency is actively reviewing numerous applications for ETFs, including XRP-based products.
No Final Decision on XRP ETFs Yet
Crenshaw stated that the current delays should not be interpreted as a rejection of XRP ETF products. The SEC has not made a final decision on these applications yet. The commissioner stressed that the delays are part of the formal evaluation process intended to ensure compliance of all proposed products with regulatory standards.
Timeline for Potential ETF Approval
Currently, more than ten firms, including Franklin Templeton and Bitwise, are seeking to launch XRP ETFs in the United States. The SEC has already postponed decisions on these filings twice. The third deadline is set for August, with the final review deadline in October 2025. Analysts, including Bloomberg experts, predict that approval may occur before the final October deadline. While XRP ETFs remain under review, the SEC has previously approved futures-based XRP products, indicating some level of openness to XRP-related investment instruments.
Commissioner Crenshaw's remarks aim to reassure market participants that the SEC's approach to XRP ETF applications is guided by established procedures, not opposition. While delays have raised concerns among investors, the agency continues its detailed review process. The coming months are expected to provide further insights regarding the future of XRP ETFs in the United States.
