The U.S. Securities and Exchange Commission (SEC) has delayed decisions on multiple XRP ETF applications from Bitwise, CoinShares, Grayscale, Canary Capital, and 21Shares, with final rulings now set for October 2025, per Coinlineup.com. The 21Shares Core XRP Trust, initially slated for an August 20 decision, is postponed to October 19, 2025, while CoinShares’ XRP ETF faces a October 23, 2025 deadline, per. The SEC claims the necessity for prolonged public comment and compliance examination under the Securities Exchange Act, as stated.
Post-announcement, XRP fell below $3 to $2.29, down 0.86% daily with a 46% drop in trading volume to $2.64B, reflecting investor skepticism, per. Despite a 95% approval likelihood by October, per Bloomberg analysts, the delay dampens short-term momentum, per. X posts from @Xfinancebull suggest the SEC’s caution allows institutional accumulation at lower prices, per. XRP’s $128.6B market cap and $5.9B 24-hour volume rank it fourth, but ETF uncertainty limits institutional inflows, per CoinMarketCap.
The affected issuers—Bitwise, CoinShares, Grayscale, Canary Capital, and 21Shares—aim to list XRP ETFs on Nasdaq and Cboe BZX, per. Franklin Templeton’s XRP ETF faces a June 17, 2025 decision, per, while ProShares Ultra XRP ETF remains the only approved XRP ETF in the U.S., per. The SEC’s cautious approach, standard for Bitcoin and Ethereum ETFs, per, may align approvals for a coordinated launch, potentially boosting XRP to $3.50 by year-end, per Techopedia. However, BlackRock’s refusal to file for an XRP ETF signals ongoing regulatory hurdles, per.
Investors should monitor SEC filings on sec.gov and XRP flows on CryptoQuant. Dollar-cost averaging into XRP with stop-losses below $2.20, or diversifying into USDC or ETH ($4,448), hedges volatility, per TradingView. Follow @TheBlock__ on X for regulatory updates. The SEC’s delay, while procedural, per, could delay XRP’s institutional adoption, but Canada’s XRP ETF launch in June 2025 shows global progress, per. XRP could hit $5 by 2026 if approvals materialize, per, despite short-term challenges.
