The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Grayscale’s proposed XRP exchange-traded fund (ETF), seeking public input to assess compliance with regulatory standards. The original decision deadline of May 21–22 has been extended to allow for additional analysis and public commentary.
Grayscale’s XRP Trust aims to track the CoinDesk XRP Price Index and would issue shares in 10,000-share blocks, holding only XRP. The SEC’s delay reflects its cautious approach to cryptocurrency ETFs, emphasizing the need to prevent fraud and protect investors.
Bloomberg ETF analyst James Seyffart noted that such delays are routine, with final decisions typically expected in October. He suggested that early approvals would be unusual, even under a more crypto-friendly SEC administration.
As of May 21, 2025, XRP is trading at approximately $2.36, with a slight intraday increase of 0.85%. The market remains cautious, awaiting regulatory clarity before making significant investment decisions.
submitted by /u/Catuttttttt
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