SEC Pushes Back Decision On XRP ETFs Again, What’s Going On?

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Oh dear, the US Securities and Exchange Commission (SEC) has once again decided to kick the can down the road! Yep, you guessed it—they’ve delayed their decision on the XRP ETFs. Just when everyone thought they’d finally give a thumbs up, the SEC has decided to keep everyone hanging. The question now is: when will they actually approve these crypto funds? Let’s dive into the wonderful world of regulatory delays! 🎢

SEC Pushes Back Decision On XRP ETFs

Surprise, surprise! A recent SEC release shows that the agency has delayed its decision on CBOE’s filing to list and trade shares of 21Shares XRP ETF. But wait, there’s more! The SEC also pushed back on the request to list and trade shares of Grayscale’s XRP ETF. And, no, it’s not the first time they’ve done this. We’re on round two of pushing back deadlines here.

So, when do we get some actual answers? Well, mark your calendars! The third deadline for the SEC to decide on Grayscale and 21Shares XRP ETFs is August 19 and 20. As for the fourth and final countdown, get ready for October 18 and 19. Until then, the SEC has decided to throw in a fun little twist—asking the public for comments and rebuttals. It’s like a public vote on whether or not they want to approve these filings. How democratic! 👏

Oh, and in case you’re wondering about other filings, Bitwise and WisdomTree XRP ETFs have deadlines coming up on May 25 and 27. Are we expecting delays? You bet! But wait—Canary and CoinShares ETFs will have their turn on May 26. Everyone’s getting in on the action.

Now, the SEC might just bundle up all these decisions and announce them at the same time, much like they’ve done in the past when deadlines fall close together. For those holding their breath for Franklin Templeton’s XRP ETF, get ready to exhale on June 17 when their second deadline arrives.

But here’s a twist—amid all these delays, there’s a little ray of sunshine! The CME XRP and Micro XRP futures were launched earlier this week. Nate Geraci, the president of the ETF Store, boldly declared that the XRP ETFs are “just a matter of time,” implying that approval is almost inevitable. With a regulated futures market in play, the SEC might have to buckle under the pressure and approve these filings. After all, the court has already ruled that the futures and spot markets are essentially the same. So, go ahead, SEC, make our day! 🤑

When An Approval Is Likely To Happen

James Seyffart, the Bloomberg analyst with a knack for reading the tea leaves, says the SEC is probably not going to approve the XRP ETFs until late June or early July. But hold your horses—it seems more likely that approval will happen in the early part of the fourth quarter this year. If you’re expecting an early decision, don’t hold your breath. The SEC has a thing for taking their sweet time. No surprises there. ⏳

But wait, it gets better! Seyffart and his colleague Eric Balchunas predict an 85% chance that the SEC will approve the XRP ETFs this year. Want more numbers? Polymarket data shows an 83% chance of approval happening in 2025. So, yeah, it’s either now or next year… but who’s counting? 🤔

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2025-05-22 23:11