The post When Will SEC Approve an XRP ETF? Latest Delay Explained appeared first on Coinpedia Fintech News
Once again, the U.S. Securities and Exchange Commission (SEC) has hit the pause button on an XRP ETF proposal, this time from 21Shares. While it may sound disappointing, this delay is more routine than alarming. In fact, it would be way towards the approval of the XRP ETF.
Despite such a massive news of delay XRP coin saw a slight a 2% drop in price in the last 24 hours.
It’s Not a No—It’s Just “Not Yet
The proposal from 21Shares to launch a spot XRP ETF is now delayed. But this is not a surprise. The SEC follows a long process before making decisions, and delays like this are very common.
They usually take several months—up to 240 days—to review, gather public feedback, and study market data.So far, the SEC hasn’t approved any altcoin ETF—not even for Solana. It’s still testing the waters, just like it did with Bitcoin and Ethereum before giving them the green light.
XRP Isn’t Alone in the Waiting Room
This delay doesn’t just affect 21Shares. Other XRP ETF proposals from Franklin Templeton and Bitwise have also been pushed back earlier this year.
But here’s the good news, Bitcoin and Ethereum ETFs were also delayed many times before they were approved. It’s just how the process works.
In fact, crypto analyst James Seyffart believes the SEC might take action by late June or sometime in the last quarter of this year. So, the wait may not be too long.
Positive Signs Are Already Here
Even though there’s no ETF yet, XRP is moving forward in other ways. Regulated XRP futures have already gone live this week, showing that institutions are getting more comfortable with the token. That’s a big step toward wider acceptance.
And according to Polymarket predictions, there’s an 83% chance that an XRP ETF will be approved by the end of 2024. That shows strong confidence in XRP’s future.
XRP Saw temporary Dip, But Long-Term Hope
After the news of the delay, XRP’s price fell by about 2%, now trading around $2.35. Some experts believe that the short-term price drops are normal during news like this.