The US Securities and Exchange Commission (SEC), now under the leadership of pro-crypto Chair Paul Atkins, has announc♈ed a delay in its decision r𝓡egarding spot XRP ETF applications. This move has sparked anticipation among market experts, who are now pointing to October as a potential timeline for a definitive decision.
XRP ETF Decision Delayed
The SEC’s decision to extend the review period comes as asset manager Franklin Templeton awaits a ruling on its proposed XRP ETF. According to a recent filing, the SEC deemed it appropriate to designate a longer timeframe to adequately consider the proposed rule change and the various issues that have been raised.
Specifically, the Commission has set June 17, 2025, asby which it will either approve or disapprove the application, or initiate further proceedings to determine the proposal’s fate.
Bloomberg ETF expert James S🐈eyffart noted that while the June deadline is significant, the market should be prepared for a flurry of decisions in the fourth quarter of 2025.
The expert specifically highlighted mid-October—around the 18th—as a critical date for the XRP spot ETF decision. Seyffart emphasized that the SEC’s engagement with the applications will play a vital role in how quickl🌱y they re🍨ach a conclusion.
SEC Delays On Major Crypto ETFs
Adding to the unfolding saga, Seyffart also on social media that the SEC has delayed decisions on other significant crypto exchange-traded fun🔥ds, including those related to Ethereum (ETH) staking and the market’s largest memecoin, Dogecoin (DOGE).
Seyffart anticipates further delays in the coming days for Solana (SOL) and He꧋dera/HBAR ETF filings, suggesting that the final deadlines for many of these applications may extend into October 2025 or later.
While the SEC’s decision on XRP ETF applications was not positive, the token has climbed back above the crucial $2 support amid a broader market recovery led by Bitcoin (BTC) and Ethereum.
Earlier this month, XRP hit an annual low of $1.6 following a sharp sell-off that affected the largest cryptocurrencies, erasing gains made during January’s rally to $3.40, a new all-time high for the token, according to CoinGecko .
However, with a pause in President Donald Trump’s tariff policy and a resurgence of inflows into the crypto market, XRP has managed to post gains of 5% in both the fourteen-day and thirty-day time frames.
However, data suggests that the price of XRP, currently at $2.19, is still 35.4% below the record set in the first quarter of the year. Nonetheless, potential regulatory approval of these XRP ETF applications could signal further institutional support and adoption for the token, pushing its price to new all-time hi✅ghs.
Featured image f🍸ro⛦m DALL-E, chart from TradingView.com
