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

by admin May 23, 2025

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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

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May 23, 2025 0 comments

Crypto Trends

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

by admin May 21, 2025

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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May 21, 2025 0 comments

NFT Gaming

XRP momentum stalls as SEC delays 21Shares XRP ETF decision

by admin May 21, 2025

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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May 21, 2025 0 comments