XRP ETF delayed as SEC stalls on altcoin proposals, price consolidates around $3.00

The SEC has pushed back its decision on spot XRP ETF applications, prolonging the wait for approval.

According to notices filed on Aug. 18, the SEC has extended its review period for several XRP xrp0.36%XRP exchange-traded fund

The delays affect issuers including CoinShares, 21Shares, Canary Capital, and Grayscale, all seeking to launch ETFs tracking the XRP token. The commission previously made a similar move in May, when it initiated proceedings onwhether to approve or disapprove the funds, citing the need for further consideration.

Now, the regulatory

watchdog has extended its review by an additional 60-day period, setting new deadlines for the applications between October 18 and 23.$XRP #FOMCMinutes #BinanceHODLerPLUME #MarketPullback #CryptoNewss