Latest Developments on Multiple Ripple (XRP) ETF Applications

The U.S. Securities and Exchange Commission (SEC) has provided fresh updates on several Ripple ETF applications. The first update, which came minutes ago, revealed that the SEC has once again delayed its decision on Nasdaq's proposal to list and trade Coinshares' XRP ETF. The SEC has extended the review period beyond the initial deadline of August 24, pushing the final decision to October 23, 2025.

This extension is to allow for further evaluation of the proposed rule change and to consider new public comments received. In addition to this, the SEC has also delayed decisions on two more XRP ETF applications by Bitwise and Canary. Meanwhile, Ripple's token has seen a market-wide correction recently, dropping below $3, but has since returned slightly above this key support level.