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Jakarta, Pintu News – The United States Securities and Exchange Commission (SEC) recently announced a delay in the decision regarding the XRP ETF filed by WisdomTree. The decision was postponed until October 24, 2025, leading to various speculations and expectations among investors and market analysts.
Check out the full information in this article!
The SEC has decided to delay their decision regarding the XRP ETF filed by WisdomTree. This delay is part of a series of delays that have been made by the SEC on various XRP-based ETF applications.
Cboe BZX Exchange, which applied for a rule change to be able to list and trade shares of WisdomTree’s XRP ETF, will have to wait longer for clarity.
This delay affects not only WisdomTree, but also all pending XRP ETF applications, except for the application from Franklin Templeton. Franklin Templeton will face a decision deadline next month, with a final deadline expected in November. The SEC stated that they need more time to thoroughly review the application before making a final decision.
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Despite the delay, analysts from Bloomberg, Eric Balchunas and James Seyffart, gave an optimistic prediction. They estimate there is a “95% chance” that the SEC will approve an XRP ETF this year.
The analyst also mentioned that the SEC might approve all XRP ETF applications simultaneously, similar to what happened to the Bitcoin (BTC) and Ethereum (ETH) ETFs earlier. The increase in S-1 filings by all XRP ETF issuers indicates a positive response to feedback from the SEC.
Grayscale, for example, even filed a new registration statement for its planned XRP ETF Trust. This change is considered a good sign and indicates a higher likelihood of approval from the SEC.
Also read: Bitcoin Whale Shifts Funds to Ethereum, Buying 472,920 ETH Worth $2.2 Billion!
In addition to the XRP ETF, the SEC also provided updates related to other crypto applications. The SEC requested comments on the TRX ETF staked by Canary Capital and extended their review of Canary’s PENG ETF, which is tied to meme coins such as Dogecoin (DOGE).
Canary is also proposing an “American-made Crypto” ETF that aims to give investors exposure to cryptos that are associated with the US either in terms of creation, minting, or operations.
Ripple (XRP) is among the categories that could be included in this new fund, providing broader opportunities for investors interested in cryptocurrencies with ties to the United States. This shows that the SEC is expanding their scope and considerations in the regulation of cryptocurrencies.
The delay by the SEC in making a decision on the XRP ETF shows a cautious and measured approach in dealing with new financial innovations. While it creates uncertainty, the move also shows the SEC’s seriousness in ensuring that any new financial products, especially crypto-based ones, meet all stringent regulatory standards before being allowed into the mainstream market.
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