SEC Delays Decision on WisdomTree XRP ETF Until 2025

The U.S. SEC has delayed a decision on WisdomTree’s XRP ETF until October 2025. This extension aligns with standard evaluation procedures, marking a wider assessment of digital assets.

Leadership at SEC and WisdomTree remains attentive. WisdomTree, led by CEO Jonathan Steinberg, continues its advocacy for crypto ETFs, following previous applications for Bitcoin and Ethereum. Several other asset managers are also engaged.

The delay has caused substantial market impacts, notably a 12% decline in XRP over 30 days. Institutional activity is subdued as uncertainty grows, and liquidity has thinned noticeably.

Financially, no new XRP-linked institutional products have emerged. Asset managers such as Grayscale and Franklin Templeton maintain cautious stances, pausing strategic investments amid ongoing regulatory uncertainties. Michael Sonnenshein, CEO, Grayscale, shared his view, saying, “We’re pursuing every avenue to engage with the SEC to navigate regulatory uncertainties and advocate for the viability of crypto ETFs.”

This hesitation among institutional players can impact broader financial strategies. Ripple’s prior court ruling and historical ETF delays offer insights into potential outcomes and market reactions.

Historically, SEC delays have led to volatile market reactions, often stabilizing post-announcement. Notably, asset manipulation concerns remain central to the SEC’s decision-making, mirroring previous crypto asset evaluations.