The U.S. Securities and Exchange Commission (SEC) has postponed decisions on the first U.S. spot XRP ETF until October 2025. This delay is attributed to new standards that may expedite the approval process.
SEC's Delayed Decision on Spot XRP ETF
The SEC has pushed back decisions regarding the first U.S. spot XRP ETF until October 2025. The commission recently rolled out new standards that allow for accelerated crypto ETF reviews if futures trading criteria are met.
New Standards to Facilitate Expedited Approval
This new framework is led by Commissioner Hester Peirce, known for her cryptocurrency-friendly approach. The SEC is currently reviewing applications from Cboe BZX Exchange and NYSE Arca to list XRP ETFs, with decisions expected by October 2025.
Impact on Cryptocurrency Market
The introduction of these new standards could significantly impact the value of XRP and other cryptocurrencies such as ETH, SOL, and DOGE, which may also be eligible for expedited approval. However, there have not yet been reports of significant institutional inflows or major on-chain data.
The SEC's decisions regarding XRP ETFs and the new standards could significantly influence the strategic direction of the cryptocurrency market, depending on market stability and compliance with regulatory requirements.
