The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on two XRP ETF applications, leaving the XRP community frustrated.
🔎 The Details
CoinShares filed for an XRP ETF on Nasdaq back in February. The SEC has now pushed its decision to October 23.
21Shares also applied for an XRP ETF that would list on Cboe BZX Exchange. Its decision has been delayed until October 19.
Both proposals were submitted months ago, but regulators say they need more time for analysis.
✨ Why the Delay?
Popular crypto analyst X Finance Bull (@Xfinancebull) believes this is not a rejection sign but rather a timing strategy. He argues:
The SEC can’t block XRP ETFs forever.
Delays may be a way to push XRP’s price lower, giving big players a chance to buy the dip before approval.
Bloomberg has even raised the chance of XRP ETF approval to 95%, fueling hopes that approval is just a matter of time.
📈 Community Reactions
Some XRP holders see the delay as bad news.
But many, including X Finance Bull, see it as a buying opportunity.
He even set an extremely bullish $1000 price target for XRP, and announced he’s adding more tokens during this dip.
💡 Takeaway
While the SEC’s decision delays may cause short-term price drops, many believe ETF approval is inevitable. For long-term investors, this could be the last chance to accumulate XRP at low levels before a potential major breakout.