The U.S. Securities and Exchange Commission (SEC) has decided to delay consideration of the WisdomTree Spot XRP ETF application, moving the deadline to October 24, 2025. This decision affects both regulatory processes and the investment landscape.
Reasons for SEC's Delay
The SEC has postponed its final decision on the WisdomTree Spot XRP ETF application, citing the need for a more thorough evaluation of all applications. This step reflects ongoing scrutiny towards XRP ETFs, mirroring earlier actions taken regarding Bitcoin and Ethereum ETFs.
Impact on XRP Market
Despite the delay, the price of XRP remains stable at around $2.96, with minimal immediate market impact. However, institutional interest is evident, as indicated by significant inflows into existing XRP futures products.
Prospects for Institutional Investments
The delay could affect the anticipated $5 to $8 billion in institutional capital expected to flow into the market upon ETF approval. Historical analyses indicate that such SEC decisions often lead to asset price increases.
SEC's decisions may significantly influence the perception of crypto asset legitimacy and shift the dynamics of institutional investments. Expectations surrounding the ETF release could lead to substantial changes in the market situation.
