The U.S. Securities and Exchange Commission (SEC) has once again delayed final decisions on two
$XRP exchange-traded fund (ETF) applications, pushing the timeline into late October.
According to X Finance Bull (@Xfinancebull), both 21Shares and CoinShares will now face extended waiting periods as the SEC conducts deeper reviews of their proposed ETFs.
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✨ More
$XRP ETF Delays
CoinShares filed for an
$XRP ETF targeting a Nasdaq listing back in February. The SEC has now set October 23 as the new deadline.
21Shares is awaiting approval for its Core XRP Trust, which would trade on Cboe BZX Exchange. Its new deadline is October 19.
Community reactions were mixed — many frustrated with the delay, but X Finance Bull suggested otherwise.
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✨ Speculation on SEC’s Move
According to X Finance Bull, these delays are strategic, not genuine roadblocks. He believes the SEC cannot stop XRP ETF approval, but is buying time to trigger a short-term price dip.
👉 This, he claims, gives insiders a chance to buy
$XRP cheap before the ETF approval sends prices soaring.
Notably, Bloomberg recently raised the probability of
$XRP ETF approval to 95%, reinforcing bullish sentiment.
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✨ Bullish Expectations for
$XRP Despite the setback, optimism is running high.
X Finance Bull boldly predicted a $1000 target for
$XRP 🚀
Currently,
$XRP trades at 3.06, down 1.33% from yesterday.
Many supporters see this dip as a golden accumulation opportunity.
His message is clear: treat the SEC’s extension as a buying signal, not a barrier.
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📌 Final Takeaway
While delays may cause short-term price pressure, the broader expectation is inevitable
$XRP ETF approval. For long-term believers, this could be the last chance to load up before the breakout.
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