The U.S. SEC has delayed its decision on WisdomTree's XRP ETF proposal until October 24, 2025, impacting multiple issuers seeking approval.
SEC Deferment and Its Implications
The SEC has extended the scrutiny period for WisdomTree's XRP ETF application, significantly impacting other issuers. This decision highlights regulatory caution in the cryptocurrency market.
Analysts' Perspectives
Prominent asset managers like WisdomTree, Grayscale, and Bitwise have submitted revised applications in response to SEC feedback. Analysts such as Bloomberg's James Seyffart see these amendments as positive regulatory steps.
Market Potential for Cryptocurrencies
Financial analysts anticipate up to $8 billion in potential inflows if the XRP ETF is approved, potentially increasing liquidity for altcoins. This may create opportunities for broader altcoin ETF acceptance, similar to Bitcoin and Ethereum.
The SEC's deferment underscores ongoing regulatory processes and their impact on investment strategies within the crypto space. Expectations for a resolution in October 2025 could shape the future for other altcoin ETFs.