Well, slap my wallet and call me crypto-curious, but the U.S. Securities and Exchange Commission (SEC) has decided to play the world’s most tedious game of “kick the can” with the WisdomTree XRP ETF. They’ve punted the decision all the way to October 24, 2025. Yes, you read that right-2025. By then, we’ll probably all be trading in Marscoins and paying taxes in moon rocks. 🌕💸
The application, filed by the ever-hopeful Cboe BZX Exchange, was essentially asking for a rule change to list and trade shares of this shiny new ETF. But the SEC, in their infinite wisdom (or perhaps just their infinite procrastination), has decided they need more time. Because, you know, reviewing applications is *hard*. 😓📜
This delay means the SEC has now put off rulings on every pending spot XRP ETF except Franklin Templeton’s, which is apparently the chosen one. Franklin Templeton’s fund is facing its third deadline next month, with a final showdown expected in November. The SEC claims they need more time to “carefully review” the applications. Translation: they’re probably just binge-watching *The Big Short* for the 15th time. 🍿📉
Mark your calendars (or don’t, because who knows if it’ll matter by then): the first major deadline is October 18, when the SEC must either approve or reject Grayscale’s XRP ETF filing. Other XRP ETF filings are lined up like ducks in a row, quacking nervously. 🦆🦆🦆
Analysts Say It’s a Done Deal-Maybe 🧐📈
Bloomberg’s dynamic duo, Eric Balchunas and James Seyffart, are putting their necks on the line with a “95% chance” that the SEC will approve these XRP ETFs this year. They also speculate the SEC might approve them all at once, just like they did with Bitcoin and Ethereum ETFs. Because nothing says “we’re on top of this” like approving everything in one fell swoop. 🎉🤹♂️
In the meantime, all XRP ETF issuers have been busy updating their S-1 filings. Grayscale even submitted a new registration statement for its XRP Trust ETF. James Seyffart called these changes a “good sign,” though he admitted it was about as surprising as finding out the sky is blue. 🌤️📝
The SEC, ever the party pooper, explained that these extensions are totally normal when reviewing digital asset funds. Apparently, they need the extra time to “properly study market risks and other issues.” Or, you know, to figure out how to work their new office coffee machine. ☕🤔
In other crypto news, the SEC is also poking around Canary Capital’s staked TRX ETF and has extended its review of the PENGU ETF, which is tied to meme coins like Dogecoin. Because nothing says “serious financial instrument” like a coin named after a meme. 🐶💹
Canary Capital isn’t stopping there-they’ve filed for an “American-made Crypto ETF,” which aims to give investors exposure to cryptocurrencies linked to the U.S. by their creation, minting, or operations. XRP fits the bill, so it might just sneak into this new fund. 🇺🇸🚀
So, there you have it. The SEC is taking its sweet time, analysts are optimistic (but not *too* optimistic), and the crypto world keeps spinning. Will 2025 be the year of the XRP ETF? Only time-and a lot of it-will tell. ⏳🤷♂️
Read More
- You Won’t Believe Polygon’s Wild Stablecoin Frenzy—But POL Has Other Plans
- FLR PREDICTION. FLR cryptocurrency
- Brent Oil Forecast
- USD HKD PREDICTION
- EUR PLN PREDICTION
- GBP AED PREDICTION
- CRO PREDICTION. CRO cryptocurrency
- KCS PREDICTION. KCS cryptocurrency
- EUR AED PREDICTION
- Shiba Inu’s Death Cross: A Drama Queen’s Fakeout 🎭💰
2025-08-26 00:39