While Bitcoin and Ethereum already have approved ETFs, the crypto market is eagerly awaiting the green light for other altcoins—particularly XRP and Solana. However, repeated delays by the U.S. Securities and Exchange Commission (SEC) have frustrated many investors.
SEC Commissioner Caroline A. Crenshaw has now broken her silence. According to her, these delays are not rejections, but part of a thorough and necessary review process that simply takes time.
“The fact that an ETF for XRP hasn't been approved yet doesn't mean it has been denied. This is about a comprehensive review to protect both investors and market integrity,” Crenshaw said in a recent interview.
Crenshaw acknowledged the growing impatience among investors but emphasized that the delay is not targeted at XRP. Other altcoin ETF proposals are going through similar evaluations. The SEC has not issued any final decision, and each application remains under active consideration.
While spot-based ETFs for XRP are still under review, the SEC has already approved XRP-related futures ETFs, such as the Teucrium 2x Long Daily XRP ETF. This has given the community hope that a spot ETF for XRP could be approved later this year—possibly before October.
Market analysts predict that if approved, the XRP ETF could trigger a significant price rally and increase institutional confidence in the broader altcoin market. But for now, everything depends on the SEC’s next steps.
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