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Sec Delays Wisdomtree Xrp Etf Decision To October 2025
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SEC Delays WisdomTree XRP ETF Decision to October 2025

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The U.S. Securities and Exchange Commission has delayed its decision on the WisdomTree XRP exchange-traded fund, and has now moved the deadline to October 24, 2025.

The application was filed by Cboe BZX Exchange, which asked for a rule change that would allow it to list and trade shares of the WisdomTree XRP ETF.

This decision means the SEC has now postponed rulings on all pending spot XRP ETFs except Franklin Templeton’s, according to the filing. Franklin Templeton’s fund faces its third deadline next month, while its final deadline is expected in November. The SEC said it needed more time to carefully review the applications before making a final call.

The first major deadline is October 18, when the Commission must either approve or reject Grayscale’s XRP ETF filing. Other XRP ETF filings have deadlines following quickly after Grayscale’s.

Analyst Predict 95% Chance of Approval

Bloomberg analysts Eric Balchunas and James Seyffart said there is a “95% chance” that the SEC will approve these XRP ETFs this year. Both also explained that the SEC might approve them all together, just as it did with Bitcoin and Ethereum ETFs earlier.

Ahead of these deadlines, all XRP ETF issuers have updated their S-1 filings. Grayscale even submitted a new registration statement for its planned XRP Trust ETF. James Seyffart said these changes were “almost certainly due to feedback from the SEC,” calling it a good sign even though it was widely expected.

The SEC explained that extensions like this are normal in the process of reviewing digital asset funds. The Commission said delays help it properly study market risks, and other issues before making a decision. 

The SEC also gave updates on other crypto-related filings. It asked for comments on Canary Capital’s staked TRX ETF and extended its review of Canary’s PENGU ETF, which is tied to meme coins like Dogecoin.

Canary further filed for an “American-made Crypto ETF” to give investors exposure to cryptocurrencies linked to the U.S. by their creation, minting, or operations. XRP fits into this category, so it could be included in the new fund.

Also Read: Global Exchanges Warn Tokenised Stocks Could Threaten Market Trust





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GameFi Guides

SEC Punts on Trump Media Bitcoin and Ethereum ETF Decision, Plus XRP and Dogecoin Funds

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In brief

  • The SEC will decide on the Truth Social Bitcoin and Ethereum ETF on October 8, likely after a rules change request from two exchanges that could shorten approval processes.
  • The agency delayed decisions on XRP funds from Grayscale, Bitwise, CoinShares, Canary Capital, and 21Shares.
  • It also pushed back deadlines on separate Dogecoin and Litecoin ETFs, and a proposal to add staking to an existing spot Ethereum ETF.

The U.S. Securities and Exchange Commission has delayed its decisions on an exchange-traded fund proposed by Donald Trump’s media and technology company to track the performance of Bitcoin and Ethereum and seven other ETFs based on single digital assets.

In a filing Monday, the regulator said that it moved its deadline back 45 days for weighing in on the Truth Social Bitcoin and Ethereum ETF to October 8.

It announced identical delays for applications filed for spot XRP funds by Grayscale, CoinShares, Canary Capital, Bitwise and 21Shares, a spot Dogecoin ETF from Grayscale, and a spot Litecoin product from CoinShares, although the dates for potential approvals of those funds vary.

It also held up resolving a request to add staking to the the 21Shares Core Ethereum ETF, which tracks the price of the second-largest cryptocurrency by market value.



The delays comes four days after the agency delayed decisions on Solana ETFs from Bitwise, 21Shares, and VanEck, and a Dogecoin fund from 21Shares.

The SEC is weighing a wave of proposals tracking cryptocurrencies. Those submissions have resulted from the dramatic success of 11 spot Bitcoin and nine Ethereum ETFs, a more favorable political environment for cryptocurrencies ushered in by the Trump administration, and growing interest by traditional finance giants who were formerly resistant to the asset.

The filings also follow roughly three weeks after two major U.S. exchanges asked the SEC to approve amendments that could significantly shorten the approval process for future crypto exchange-traded funds, automatically listing certain products without requiring case-by-case filings.

In separate filings, Cboe BZX and NYSE Arca requested changes to their listing standards that would allow certain crypto ETFs to be listed without enduring the SEC’s rigorous evaluation under Rule 19b-4, a process that requires exchanges to submit proposed rule changes. Under current guidelines, such reviews of proposed changes to funds could take 240 days.

Bloomberg Senior ETF Analyst Eric Balchunas told Decrypt that the SEC’s filings Monday were “nothing significant,” and were likely timed to follow a probable SEC green light of Cboe and NYSE’s amendments next month following the conclusion of a comments period.

“Even though it feels like ‘Isn’t this SEC supposed to approve all this stuff?’, the listing standards are out for comment,” Balchunas said. “So just in the nick of time, these listing standards should be approved. And then we’re anticipating a batch of approvals based on the listing standard starting in October.”

“So this delay feels discouraging, but it’s just a little more patience,” he added. “It’ll all happen soon.”

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Bitcoin Holds $104,000 Support As Market Deleverages Following Fed Decision - Is A Rally Brewing?
NFT Gaming

Bitcoin Holds $104,000 Support As Market Deleverages Following Fed Decision – Is A Rally Brewing?

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Yesterday, the US Federal Reserve (Fed) held interest rates steady for the fourth consecutive time, dampening hopes for a significant rally in risk-on assets like Bitcoin (BTC). However, on-chain indicators suggest that BTC is experiencing strong demand – potentially laying the groundwork for its next move upward.

Bitcoin Sees Strong Demand Despite Steady Interest Rates

According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Bitcoin has established a solid demand zone in the mid-$100,000 range. The analyst suggests this could signal BTC’s readiness for another upward rally.

The following chart – titled Binance BTC Price and Open Interest Change – illustrates how this price area has repeatedly absorbed strong selling pressure, resulting in BTC forming consistent equal lows just above $104,000.

Source: CryptoQuant

In contrast, open interest on Binance has formed a series of lower lows, indicating progressive deleveraging in the derivatives market. Deleveraging typically reduces excess risk and can help build a more stable foundation for sustainable price growth.

Additionally, the $104,000 level has acted as a “liquidation magnet” for late long positions. The following BTC: Binance Liquidation Delta chart shows a sharp concentration of liquidations around this price level.

Source: CryptoQuant

Green delta spikes in the chart represent the forced closure of long positions, suggesting a cleanup of traders who joined the rally late. Minimal short liquidations confirm that the market was dominated by long squeezes.

To explain, a long squeeze occurs when the price of an asset drops sharply, forcing traders holding long positions to sell or get liquidated. This selling pressure pushes the price down even further, often accelerating the decline.

Interestingly, the timing of this market cleanup coincides with the Fed’s decision to pause interest rate hikes. Such a development has typically worked out as a net positive for risk-on assets like BTC. Taha concluded:

Historically, BTC has shown bullish tendencies following rate stabilization, especially when paired with signs of liquidation exhaustion and fading open interest.

BTC Uptrend To Resume Soon?

Multiple on-chain indicators suggest the current BTC pullback may be nearing its end. For example, recent analysis by crypto analyst CryptoGoos points to short-term BTC sellers running out of momentum.

Moreover, signs of retail euphoria remain absent, hinting that the market may still be in an early or mid-stage rally. The Puell Multiple also suggests that BTC has further room to grow.

That said, some cautionary signs remain. Notably, BTC trading volumes across major global exchanges have dropped to multi-year lows, raising concerns that bullish momentum may be weakening. At press time, BTC trades at $104,274, up 0.3% in the past 24 hours.

BTC trades at $104,274 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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The crypto fund domicile decision.
Crypto Trends

The crypto fund domicile decision.

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Opinion by: Julie Bourgeois, Head of Legal and Compliance, 6 Monks

Digital asset regulations are rapidly evolving to ensure the transparency and safety of all market participants. This is no more evident than in Europe, where two different regulatory models have emerged.

On one side is the European Union’s Markets in Crypto-Assets (MiCA), which offers precise regulation for all 27 member countries. On the other side is the UK which, after Brexit, still has no common regulation such as MiCA.

With its new “Plan for Change,” the UK claims it wants to be “the best place in the world to innovate,” and it’s working on new laws to better protect people and support crypto growth. 

For fund managers, these differences can become a difficult puzzle to solve. Should they favor the legal certainty offered by the MiCA-compliant EU? Or should they bet on the UK’s upcoming changes?

What can MiCA promise? 

MiCA has clarified questions on crypto in the EU. Today, the regulation provides a comprehensive and, more importantly, harmonized framework across all member states. 

Perhaps MiCA’s most significant advantage is its passporting mechanisms, from which many companies already benefit. Once the grandfathering period has elapsed and the national competent authority has provided its green light through the MiCA license, a crypto service provider can offer crypto asset services to any country in the EU. This is desirable for companies planning to scale their activities at the EU level — no more fragmented regulation.

MiCA’s positive influence, especially at the stage of business scaling, can be seen in the region. Previously, launching in another EU country meant re-legalization and months of approvals. Now, an approved licensed CASP status in one country means you are legally operating throughout the EU. This saves tens of thousands of euros and months of work.

The UK’s agile approach

Across the Channel, there is the UK, which has a more adaptive but fragmented approach. So far, the UK does not have a MiCA-like unified law, but it has a bold vision of integrating crypto into existing systems.  

The UK’s draft crypto legislation, part of its “Plan for Change,” promises the creation of laws that will ensure greater transparency. For the first time, official laws, not just recommendations, are being created to regulate the crypto industry in the UK. 

The country’s primary goal is to protect crypto users by establishing clear laws for risk disclosure when buying crypto assets and precise terms of service. Considering that crypto could boost the UK economy by 57 billion British pounds ($77 billion), these new rules might significantly influence the UK’s crypto environment.

Recent: Digital euro, not MiCA, key to managing crypto risks: Bank of Italy chief

Although making the regulations stricter, it leaves room for innovation. The UK is discussing with the United States the creation of a joint sandbox — a regulated environment for testing new crypto products. 

Crypto fund domicile decision

Choosing where to set up might be a difficult decision considering these differences. Especially for crypto funds. It is not just a legal question but a strategic decision, as they work closely with crypto asset service providers. What should they consider when making this choice?   

Thanks to MiCA as a unifying law, EU-based CASPs can benefit from a more stable compliance environment. The regulation creates a single licensing regime for crypto asset service providers. 

MiCA offers certainty for managers and custodians today, which is especially important for institutional adoption. That predictability can become a significant competitive advantage for the EU and may drive more companies to domicile there. This especially relates to those companies that target cross-border expansion or institutional clients. 

Luxembourg can become a potential place for setting up a fund within the EU. It has a strong history as a top financial center and successfully creates and manages funds. Its clear rules and support for new ideas make it a smart option for starting and running crypto investment funds under MiCA.

On the contrary, the UK offers something more flexible and easier to develop. This draws its audience from, for example, fintech pioneers who are testing new highs. As the UK is willing to experiment with the sandbox regulation mentioned earlier, it can become the point of attraction for domicile purposes. 

Two paths with different strengths 

The UK is aiming to bring crypto into its traditional financial system. It is more open to new decentralized products to enter the market. That said, the UK’s flexibility is a significant advantage. If, in the near future, the UK can balance innovation with some investor protection, it could become a leading hub for DeFi.

Meanwhile, the EU’s MiCA regulation provides a consistent legal environment. With strong rules, the EU is positioning itself as a safe haven for crypto funds and a global example of how regulation can introduce clarity and make markets more appealing.

Ultimately, it is not a matter of one region beating the other. Rather than competitors, they may complement each other in shaping the future of digital assets.

Opinion by: Julie Bourgeois, Head of Legal and Compliance, 6 Monks.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.



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Ending the Xbox Summer Game Fest Showcase with COD: Black Ops 7 was a terrible decision, even though it no doubt made perfect sense
Game Reviews

Ending the Xbox Summer Game Fest Showcase with COD: Black Ops 7 was a terrible decision, even though it no doubt made perfect sense

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Xbox had a really good showing on Sunday, its showcase at the tail end of a Summer Game Fest period that has at times felt rather glib managing to make people feel happy about video games again – at least for a little bit. It was full of the kind of quirky and interesting-looking games that in years past would have been reserved for PlayStation’s E3 showcase, with only a smattering of what you might call Big games with a capital B. That was until the end.

Phil Spencer, CEO Microsoft Gaming, appeared on the pre-recorded showcase to wrap things up, tantalisingly teasing 2026 releases for Gears of War E-Day, a new Forza (presumably Horizon), and the next Halo. These big games were absent (as were many others – Fable 4 and Perfect Dark, most notably), and Phil I think wanted to acknowledge that. As with showcases of this nature, especially during key moments of the year, there’s always that hope for a “one more thing” mic drop. And it came… and went.

Maybe it’s just me, but this final reveal (as much as the whole thing is marketing as much as it is an event) needs to be something unexpected. Perhaps a sequel to a franchise that’s been dormant for years, maybe a brand-new game series from a big developer, maybe a big blowout on a game fans have been desperate to see more on. What it shouldn’t be, ever, is the game announcement equivalent of announcing the sun will rise and then fall, that another day is coming tomorrow, or that the tide will be in and then out. Call of Duty: Black Ops 7 didn’t need to be at the Xbox Showcase and the Xbox Showcase didn’t need Call of Duty: Black Ops 7.

The Xbox showcase. Phil Spencer comes on at 1 hour 5 minutes to wrap up the show and tease one more thing.Watch on YouTube

Imagine for a moment that EA held its own big showcase event this year, as it used to do back in the days when E3 was really pumping out the events. The publisher has dropped reveals for a new Madden, Battlefield, and Need for Speed, then we’re given the “one more thing” mic drop… and it’s a new FIFA (EA FC). At first, though, you don’t realise it’s EA FC, the snazzy and really pretty cool trailer making you comb through your mind to figure out what this neat looking teaser is revealing. Then, just as the lead character morphs into a football and is kicked by Harry Kane, EA FC 27 flashes onto the screen. You’d feel duped, and somewhat confused.

I understand that Call of Duty is a game series so huge a large portion of people are going to want to see a trailer for the next entry, and that from a business perspective it might seem ludicrous to not give it top billing, but it honestly sucked all the air out of the room. I’m not naive enough to expect something equivalent to an Elder Scrolls 6 reveal at the end of every show, but that moment matters. It’s an important beat that can last long in the memory. It was a moment wasted for Xbox.

If we go back just a couple of days to PlayStation’s pre-SGF State of Play (a lower stakes event, but still a presentation of new games), it ended with Marvel Tōkon: Fighting Souls. Not a game I’m personally excited about because I can’t get into fighting games, but it was a big surprise reveal, a big license with Marvel, and it went pretty deep into the whole thing. PlayStation is seemingly courting the fighting game fan, and for that audience this was a big moment and a big win. It was everything the BLOPS 7 reveal wasn’t.

Had an alien been given the basic rundown of the video game world here on Earth, I have no doubt they’d read this article and shake their head in disbelief and confusion. What can I say, sometimes vibes matter more than numbers. The best option isn’t always the biggest.



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XRP
NFT Gaming

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

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The US Securities and Exchange Commission (SEC) has again delayed its decision on the XRP ETFs, raising discussions on when the Commission could approve these funds. Market expert and Bloomberg analyst James Seyffart has provided insights into when exactly an approval could come for these crypto ETFs. 

SEC Pushes Back Decision On XRP ETFs

A SEC release shows that the agency has delayed its decision on CBOE’s filing to list and trade shares of 21Shares XRP ETF. Likewise, the Commission pushed back on its decision to approve the request to list and trade shares of Grayscale’s XRP ETF. This decision came as the second deadline for a decision approached. 

The third deadline for the SEC to decide on Grayscale and 21Shares XRP ETFs is August 19 and 20, respectively. Meanwhile, the fourth and final deadline is October 18 and 19. In the meantime, the Commission has called for comments and rebuttals from the general public on why they should either approve or reject these filings. 

It is also worth mentioning that the second deadlines for the Bitwise and WisdomTree XRP ETFs are May 25 and 27, respectively, and the SEC is expected to delay its decision on those filings. Meanwhile, the second deadline for the Canary and CoinShares ETFs is May 26.

A decision on all these filings could be announced together, similar to what the Commission has done for other filings with close dates. The second deadline for Franklin Templeton’s XRP ETF is the 17th of next month. 

In the meantime, a positive is that the CME XRP and Micro XRP futures launched earlier this week. Following their launch, Nate Geraci, the president of the ETF store, declared that the XRP ETFs are just a matter of time, meaning that approval is inevitable. A regulated futures market guarantees that the SEC cannot deny these filings on the grounds of manipulation since the court has ruled that the futures and spot markets are similar. 

When An Approval Is Likely To Happen

In an X post, James Seyffart stated that the SEC will likely not approve the XRP ETFs early until late June or early July. He added that approval seems more likely in the early part of the fourth quarter of this year. This came as he noted that delays on these spot crypto ETFs are to be expected. 

The Bloomberg analyst further explained that the SEC typically takes the full time to respond to these filings. As such, an early decision would be out of the norm, no matter how crypto-friendly the current SEC administration is. Seyffart and his colleague Eric Balchunas predict that there is an 85% chance that the SEC approves the XRP ETFs this year. Meanwhile, Polymarket data shows an 83% chance of approval in 2025.

XRP trading at $2.4 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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SEC delays decision on Ether staking and XRP ETFs, as analysts expected
Crypto Trends

SEC delays decision on Ether staking and XRP ETFs, as analysts expected

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The US Securities and Exchange Commission has delayed its decision on Bitwise’s application to add staking to its Ether exchange-traded fund and on Grayscale’s XRP ETF bid, which analysts had expected.

The SEC said on May 20 that it needed to extend its decision on Bitwise’s application by 45 days to “consider the proposed rule change and the issues raised therein.” The agency needed to either decide or punt its decision by May 22.

The agency also delayed deciding on Grayscale’s XRP (XRP) tracking ETF and Bitwise’s Solana (SOL) tracking fund while it seeks public comments and begins “proceedings to allow for additional analysis” of the proposals to ensure they meet regulatory standards.

Bloomberg ETF analyst James Seyffart said on X that both delays were expected because the SEC “typically takes the full time to respond to a 19b-4 filing.”

“Almost all of these filings have final due dates in October,” and an early decision would be “out of the norm,” Seyffart added. 

“No matter how Crypto-friendly this SEC is. There’s no conspiracy here,” he said.

Source: James Seyffart

Seyffart said delays on other spot crypto ETF bids are also expected, and the SEC is likely to delay deciding on Litecoin (LTC) ETFs too.

However, he added, “Litecoin is one that has a higher likelihood vs others of getting approved first.”

“A bunch of XRP ETPs have dates in [the] next few days. If we’re gonna see early approvals from the SEC on any of these assets, I wouldn’t expect to see them until late June or early July at the absolute earliest. More likely to be in early 4Q,” Seyffart said.

SEC dealing with flood of ETF filings 

Several other crypto ETF applications are approaching SEC deadlines in June. The SEC is supposed to decide on Grayscale’s Polkadot (DOT) tracking ETF by June 11 and 21Shares’ Polkadot ETF on June 24, according to an SEC filing.

Related: SEC charges Unicoin crypto platform over alleged $100 million fraud

The SEC received a raft of altcoin ETF filings in the wake of Donald Trump’s election in November and the following resignation of former SEC Chair Gary Gensler.

The industry saw Gensler’s time at the SEC as an era marked by an aggressive regulatory stance toward crypto, with 100 crypto-related regulatory actions during his tenure from 2021 until his resignation on Jan. 20.

With Genlser’s departure, the SEC is perceived as far more crypto-friendly, with several firms facing legal action from the regulator having had their cases dismissed, including crypto exchange Gemini on Feb. 26 and crypto trading firm Cumberland DRW on March 4.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered



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XRP momentum stalls as SEC delays 21Shares XRP ETF decision
NFT Gaming

XRP momentum stalls as SEC delays 21Shares XRP ETF decision

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XRP’s recent rally has stalled with market activity slowing down and uncertainty surrounding the Securities and Exchange Commission’s review of the 21Shares XRP spot ETF.

The token is trading at about $2.35 at press time, down 1.4% over the last day and 8.3% in the previous seven days, suggesting that its momentum is waning following a strong run earlier this month. Additionally, trading volume has sharply decreased. Over the past day, XRP (XRP) has seen spot trading of $2.67 billion, a 15.9% decrease from the day before.

Derivatives data paints a similar picture. Coinglass data shows that open interest in XRP fell 3.14% to $4.58 billion, while futures volume fell 28.45% to $4.24 billion. While the drop in open interest shows traders are closing positions rather than opening new ones, frequently an indication of diminished confidence in short-term price action, the steep drop in volume suggests cooling speculative interest.

The weakening market momentum comes just as the SEC delayed its decision on the proposed 21Shares Core XRP Trust. In a May 20 filing, the agency said it was extending the review period to evaluate whether the ETF complies with Section 6(b)(5) of the Exchange Act, which requires protections against fraud and market manipulation.

The Trust will use Coinbase Custody to store its assets and seeks to track the CME CF XRP-Dollar Reference Rate. The SEC stressed that the delay permits further analysis and public input rather than representing a final decision. Rebuttals must be submitted within 35 days of the Federal Register publication, and the comment period will last for 21 days.

Bloomberg ETF analyst James Seyffart called the delay “expected,” adding in a May 20 X post that early approvals for any crypto spot ETFs, including those for XRP or Solana (SOL), are unlikely before late June or early July, and more realistically expected in early Q4.

Delays on spot crypto ETFs are expected. A bunch of XRP ETPs have dates in next few days.

If we’re gonna see early approvals from the SEC on any of these assets — i wouldn’t expect to see them until late June or early July at absolute earliest. More likely to be in early 4Q.

— James Seyffart (@JSeyff) May 20, 2025

The technical indicators for XRP point to indecision. At the moment, the price of XRP is close to the Bollinger indicator’s lower band, indicating cautious market activity. With a value of 52, the relative strength index is neutral. Short-term moving averages signal weakness. 

XRP price analysis. Credit: crypto.news

Both the SMA and the 10-day EMA point to bearish pressure. On the other hand, long- and medium-term MAs are more optimistic. Despite the recent decline, the longer trend is still in place, as shown by the 20-day to 200-day EMAs and SMAs flashing buy signals.

A breakout above $2.38 and sustained momentum past $2.61 could signal further upside, targeting higher resistance zones. If XRP falls below its 20-day SMA at $2.34, it could test support at $2.26 or even $2.06, increasing the likelihood of downward pressure.

With both technical and regulatory signals providing conflicting hints about XRP’s next significant move, the market is currently in a wait-and-see state.





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