#Xrp🔥🔥

SEC Postpones XRP Spot ETF Decision Yet Again – Analyst Predicts Approval Timeline

The U.S. Securities and Exchange Commission (SEC) has once again delayed its final ruling on the proposed spot $XRP exchange-traded fund (ETF) submitted by asset manager 21Shares.

Reports indicate that the regulatory agency has extended its review period for the rule change application tied to the “21Shares Core XRP Trust,” a product slated for listing on the Cboe BZX Exchange. In an official filing dated May 20, 2025, the SEC confirmed it requires additional time to evaluate the proposal, which seeks to classify the fund as a “commodity-based investment fund share” under BZX Rule 14.11(e)(4). The application, initially filed on February 6 and revised on February 12, remains under scrutiny.

Bloomberg ETF analyst James Seyffart weighed in on the delay, calling it a predictable step in the SEC’s cautious approach to crypto-related ETFs. He noted, “Further delays were inevitable here. The SEC is staring down multiple XRP-based ETP applications in the pipeline, and even under the most optimistic scenario, approval wouldn’t arrive before late June or early July. Realistically, we’re looking at Q4 2025.”

Seyffart’s comments align with broader market expectations, as regulators continue to grapple with legal clarity around XRP’s classification and broader crypto oversight. The repeated postponements highlight the SEC’s ongoing hesitancy toward cryptocurrency investment vehicles, despite growing institutional demand.

As the crypto community awaits further updates, all eyes remain on the SEC’s next move, which could set a critical precedent for XRP’s integration into mainstream financial markets.