$XRP
SEC Delays 21Shares ETF Application for XRP
The SEC has delayed 21Shares' application for the XRP exchange-traded fund, despite increasing optimism surrounding regulatory developments and recent market enthusiasm.
Alongside the delay for XRP, the U.S. Securities and Exchange Commission has postponed at least three other applications for exchange-traded funds for alternative cryptocurrencies, citing a slow approval process.
Experts remain optimistic, expecting the SEC to approve cryptocurrency ETFs by late June or early Q4, despite regulatory delays.