$XRP The U.S. Securities and Exchange Commission (SEC) has announced another delay on two XRP exchange-traded fund (ETF) applications, pushing the final decisions until late October.
X Finance Bull (@Xfinancebull) broke the news on X, revealing that both 21Shares and CoinShares now face extended waiting periods as regulators continue deeper analysis of their proposed cryptocurrency ETFs.
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✨ More XRP ETF Delays
CoinShares submitted its XRP ETF application for a Nasdaq listing in early February, but the SEC has now scheduled its final determination for October 23. The London-based asset manager first filed its rule change proposal on February 7, followed by official publication later that month.
Meanwhile, 21Shares faces a slightly earlier deadline of October 19 for its Core XRP Trust, which would trade on Cboe BZX Exchange if approved. The SEC initially acknowledged the application in February, but already postponed the decision once in May.
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✨ Speculation on the Reason for the Delay
While many community members are frustrated by these delays, Sailesh sees things differently — echoing X Finance Bull’s view.
According to this perspective, the SEC cannot stop XRP ETF approval altogether but is simply buying time. By stalling, they may be creating short-term price dips so insiders can “buy the dip” before an inevitable approval sends XRP soaring.
In fact, Bloomberg recently raised the probability of an XRP ETF approval to 95%, fueling bullish expectations. Supporters, including Sailesh, view this as a prime accumulation opportunity ahead of the anticipated surge.
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✨ Bullish Expectations for XRP
X Finance Bull even set a bold $1000 XRP target, reflecting extreme optimism following the delay. Currently, XRP trades at 3.06, down 1.33% from yesterday.
Taking this as a signal, Sailesh also plans to accumulate more tokens during the dip, treating the regulatory extensions as a hidden buying opportunity rather than a setback. Many in the XRP community share this sentiment, preparing to load up before ETFs finally go live.
This may well be the last chance to grab XRP at low prices before the next big breakout.
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