The U.S. Securities and Exchange Commission (SEC) has pushed back final decisions on two XRP exchange-traded fund (ETF) applications until late October, stirring excitement and theories in the crypto community! 📅 X Finance Bull (@Xfinancebull) broke the news on X, highlighting that both 21Shares and CoinShares are now in for an extended wait as the SEC dives deeper into their proposed crypto ETFs. 🕵️♂️
More Delays for XRP ETFs ⏳
CoinShares, aiming for a Nasdaq listing, submitted its XRP ETF application in early February. The SEC has now set October 23 as the deadline for its final call. The London-based firm filed its rule change proposal on February 7, with official publication following three weeks later. 📈
Meanwhile, 21Shares is eyeing October 19 for its Core XRP Trust, set to trade on the Cboe BZX Exchange if approved. The SEC acknowledged this application in February but hit pause on its decision back in May. 🔔
The delays didn’t sit well with some XRP fans 😕, but X Finance Bull sees a silver lining! 🌟
What’s Behind the Delay? 🤔
X Finance Bull argues these extensions aren’t roadblocks but strategic moves by the SEC. He claims the regulator can’t block XRP ETF approval and is simply stalling to push XRP’s price lower, letting insiders “buy the dip” before an inevitable approval sparks a price surge. 📉➡️📈
In June, Bloomberg pegged the odds of an XRP ETF approval at a whopping 95%! 🙌 XRP supporters, echoing X Finance Bull, view these delays as a golden opportunity to stack tokens before the expected rally. 🚀
Bullish Vibes for XRP! 🐂
X Finance Bull is doubling down, setting an audacious $1,000 price target for XRP! 😱 With XRP currently trading at $3.06 (down 1.33% from yesterday), he’s planning to scoop up more tokens during this dip. 💸
Far from a setback, X Finance Bull sees these delays as a buy signal, and many in the XRP community agree, ready to accumulate more tokens. Experts are also dropping bullish price targets for XRP post-ETF approval, hinting this could be the last chance to grab XRP at these levels! 🔥
What’s your take? Are you buying the dip or waiting for the ETF green light? Share your thoughts below! #XRP #Crypto #ETF
