The U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding multiple XRP ETF applications until late October 2025. This delay includes the WisdomTree application, drawing significant interest in the crypto market.
Key Players in XRP ETF Filing
Several major asset management firms are involved in the XRP ETF filings, including WisdomTree, Grayscale, 21Shares, Bitwise, Canary Capital, CoinShares, and Franklin Templeton. These companies have substantial experience in the financial sector and digital asset management.
Regulatory Insights and Analyst Opinions
The SEC's delay may stem from ongoing regulatory discussions aimed at refining the approach to cryptocurrency ETFs. According to Bloomberg analyst James Seyffart, "Almost certainly due to feedback from the SEC. Broadly expected updates. Signs of process moving forward."
Market Impact and Future of XRP
Analysts estimate that approval of the XRP ETF could lead to up to $8 billion in new inflows from both institutional and retail investors. This would significantly impact the cryptocurrency market, mirroring past responses seen with Bitcoin and Ethereum ETFs.
The SEC's delayed decision highlights the need for thorough evaluation of ETF proposals. Observers will be keen to see how developments unfold for XRP and other cryptocurrencies that may also benefit from potential approvals.
