The U.S. SEC has postponed decisions on several altcoin exchange-traded fund (ETF) applications, including two linked to XRP.
The regulator announced the delay on March 11, extending its review period for multiple proposed ETFs. The decision affects applications from various firms, including Grayscale, VanEck, 21Shares, and Canary. The SEC cited the need for additional time to evaluate the proposals and related issues before reaching a final decision.
SEC Extends Review Period for XRP ETF Applications
The SEC’s delay includes multiple XRP ETF applications, affecting filings from Grayscale and Canary. According to the official statements, the proposed rule change allowing an XRP ETF underwent amendments before publication in the Federal Register on February 20, 2025. The initial 45-day review period was set to expire on April 6, 2025.
However, the commission has now extended the deadline, setting May 21, 2025, as the new decision date. This extension provides regulators with additional time to assess the filings.
Among the postponed applications, Canary’s request for a spot XRP ETF will now be considered on May 22, 2025. Meanwhile, Grayscale’s application for an XRP ETF also faces the same delay. The SEC’s decision aligns with similar extensions granted for other crypto ETFs.
