SEC Delays WisdomTree XRP ETF Decision Until October

The SEC has delayed ruling on the WisdomTree spot XRP ETF case, with the next review date set for November 24

ContentsXRP ETF Deadlines Set for OctoberXRP Price Remains Steady Despite Regulatory DelaySEC Expands Review of Other Altcoin ETFsThe agency indicated that additional time is needed to review the proposed listing on the Cboe BZX Exchange. The postponement is a typical regulatory process, and it resembles the process of other crypto ETF applications that have yet to be resolved.

XRP ETF Deadlines Set for October

The extension of the review period by the SEC applies not only to the application filed by WisdomTree but also to all other pending spot XRP ETF proposals, with the exception of Franklin Templeton. The third deadline of Franklin Templeton also looms in September, with the final decision given in November. There is the case of Grayscale, which is scheduled to receive an answering decision on October 18, and could be the first in a string of final rulings.

Some market analysts believe that all pending XRP ETF applications might pass at once, like the SEC passed Bitcoin and Ethereum ETF applications earlier this year in 2025. Bloomberg ETF analysts Eric Balchunas and James Seyffart put the likelihood at a 95% chance of at least one XRP ETF passing prior to the end of 2021.

Six asset managers updated their S-1 registrations on Friday, perhaps prompted by SEC comments. Greyscale also turned in a new registration statement on its XRP Trust ETF. The updates hint that the communication between the regulator and the issuers is healthy and fruitful.

XRP Price Remains Steady Despite Regulatory Delay

The price of RP has experienced little response to the postponement of the SEC ruling. XRP hit $3.10 after a rally signalled by Federal Reserve Chair Jerome Powell, reaching $2.92. It regained a little to close at $2.96 on Monday.

The [macroeconomic sentiment] is having a more significant effect on the price than the ETF news. Powell’s statement at the Jackson Hole symposium intimated that the central bank could cut interest rates in September. The Fed has left its interest rates and policy unchanged since December, and inflationary pressures were considered to ease, leading to an episodic uptick in risk assets such as cryptocurrencies.

SEC Expands Review of Other Altcoin ETFs

The SEC is additionally extending its examination of other altcoin ETFs. This will also affect Canary Capital’s proposed staked TRX and PENGU ETFs. PENGU, a meme-coin ETF, continues to be under expanded scrutiny, as elsewhere with altcoin products.

Canary Capital has also applied to launch the Canary American-Made Crypto ETF. It will monitor an index based on US-developed digital trimmings and trade under the symbol MRCA. Only cryptocurrencies created, mined, or run in the United States will qualify. The fund will also engage regulated providers to stake holdings that meet the fund’s eligibility.