- SEC delays XRP ETF decisions impacting market sentiment.
- Ongoing settlement talks loom over decisions.
- Market eyes SEC moves amid regulatory scrutiny.
XRP’s spot ETF applications have been delayed by the SEC, impacting market sentiment and pricing in the crypto sphere. These extensions reflect the regulator’s cautious approach amid ongoing settlement talks with Ripple Labs due soon.
The SEC’s delay in decision-making on XRP ETF applications underscores regulatory hurdles faced by cryptocurrencies, affecting investor confidence. As the SEC prolongs its review, the broader crypto industry watches closely for potential decisions around June 2025.
The Commission finds it appropriate to designate a longer period within which to take action… so that it has sufficient time to consider the proposed rule change and the issues raised therein. – Gary Gensler, Chair, SEC
Regulatory bodies like the SEC are treading cautiously around the approval of XRP-focused ETFs, postponing decisions to June 2025. This delay follows Franklin Templeton’s application submission earlier this year. The financial institution aims to enter an increasingly competitive crypto ETF space.
ProShares Trust is set to launch several XRP-focused ETFs, providing access via futures contracts instead of direct ownership. The approval for these products was granted for an April 2025 release, reflecting a different regulatory approach compared to spot ETFs.
XRP’s market behavior is witnessing a ripple effect from the SEC’s decision delay, pushing the price to $2.18 in late April 2025. Investors are closely monitoring these developments as the currency garners increased institutional interest.
Crypto platforms like Polymarket report a reduced probability of a spot XRP ETF approval by December 2025, now at 78%. This shift follows the SEC’s deferrals, reflecting subdued market expectations amid broader crypto regulations.
The delay in SEC decisions has had substantial implications for both the XRP market and overall crypto industry. As regulatory reviews continue, stakeholders assess potential outcomes, which may include changes in financial markets or cryptocurrency valuations.
Amid speculation and regulatory scrutiny, the market anticipates the outcome of the SEC’s extended review process. Historical trends suggest that such delays precede significant financial and regulatory developments, casting uncertainty in the crypto domain.
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