according to materials from the site - By CoinoMedia
The U.S. Securities and Exchange Commission (SEC) has officially postponed decisions on several proposals for exchange-traded funds (ETFs) based on XRP, moving the next application deadline to October 2025. This delay affects applications from Bitwise, CoinShares, Grayscale, and Canary, all of which are seeking regulatory approval to launch investment products related to XRP.
This move did not come as a surprise to many in the crypto industry, where ETF applications often undergo lengthy review processes. However, it marks an important milestone in the ongoing efforts to promote XRP in the regulated financial market.
These ETF proposals are designed to provide traditional investors with access to XRP — one of the leading cryptocurrencies by market capitalization — without direct ownership of the token. Applicants, including major industry players like Grayscale and Bitwise, are looking to capitalize on the growing demand for regulated investment vehicles in cryptocurrency. Although the Securities and Exchange Commission (SEC) did not provide a detailed explanation for the delay, it typically postpones decisions to allow more time for review, public discussion, and potential amendments to the proposals.
The delay means that any potential approval — or rejection — will not come until at least October 2025, leaving investors and institutions in limbo. However, the fact that several companies are interested in creating XRP-based ETFs indicates strong institutional interest in this asset, particularly after the partial legal clarity achieved following the Ripple case decision.
Until then, the crypto industry will continue to closely monitor how the SEC weighs its decisions not only regarding XRP but also its approach to crypto ETFs in general.
