SEC Delays WisdomTree XRP ETF Decision: What's Next?
SEC Pushes Back WisdomTree Spot XRP ETF Decision
The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision regarding the WisdomTree spot XRP ETF. The new deadline for the ruling is set for October 24, 2025.
XRP ETF Amendments and SEC Feedback
This delay arrives alongside recent activity from several asset managers. Last Friday, six firms submitted S-1 amendments for their proposed XRP exchange-traded funds. Grayscale also introduced a new registration statement for its planned XRP Trust ETF.
Analyst Insights
Bloomberg ETF analyst James Seyffart noted that these filings likely reflect feedback received from the SEC. While viewing these updates as a potentially positive sign, he also stated that such amendments were widely anticipated.
SEC's Reasoning for Delay
In its official notice, the SEC stated that it needs additional time to thoroughly assess the proposals and related issues raised by these applications. Such delays are typical during the agency's review of digital asset ETFs, often involving multiple extensions before a final decision is reached.
Market Reaction
Despite the SEC's delay and the amended filings, the price of XRP has remained relatively stable. The token saw a climb to $3.10 following recent comments on potential rate cuts, subsequently dropped to $2.92, and has since recovered to around $2.96.
Key Takeaways
- SEC Delay: The SEC has extended the decision deadline for the WisdomTree spot XRP ETF to October 24, 2025.
- Limited Price Impact: XRP's price reaction has been minimal, holding steady near $2.96.