The Securities and Exchange Commission announced it is extending its review of three spot XRP ETF applications from Bitwise, CoinShares, and 21Shares.
This marks the second delay since the filing was submitted in February, as the agency said it requires more time to consider public feedback and compliance issues. S
imilar extensions have been applied to the Bitwise and CoinShares proposals, meaning all three now face October deadlines.
Industry watchers believe the SEC may opt to approve or deny all pending XRP ETFs at once, just as it did with spot Bitcoin and Ethereum ETFs. The first final deadline among the eight active filings, including those from Grayscale, Franklin Templeton, WisdomTree, Canary Capital, and ProShares, arrives on October 17.
Notably, BlackRock — the largest asset manager in the world — has publicly ruled out pursuing an XRP ETF.
The Commission is also holding back decisions on other altcoin ETFs. Applications tied to Solana, Litecoin, Dogecoin, Cardano, Hedera, Avalanche, and even Truth Social’s Bitcoin and Ethereum funds have been delayed to October. Analysts suggest the SEC could be lining up multiple approvals to hit the market simultaneously.
For now, XRP investors will have to wait until October for clarity on whether spot ETFs for the token will become a reality in the U.S. market.
