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The SEC has extended its review period for several XRP ETF applications, delaying their approval. Other altcoin ETFs, including Solana and Litecoin filings, are also facing delays. Analysts and investors remain bullish on the potential launch of XRP ETFs, with 95% odds of approval, according to Bloomberg ETF experts. The regulatory clarity from the recent Ripple-SEC dispute is seen as a positive factor.

The U.S. Securities and Exchange Commission (SEC) has extended its review period for several XRP exchange-traded fund (ETF) applications, pushing back the potential launch of these products. The decision, announced on August 18, extends the review deadline from the original 180 days to October 18-25 [2]. This delay affects applications from major issuers including CoinShares, 21Shares, Canary Capital, and Grayscale, all seeking to launch ETFs tracking the XRP token [2].

The SEC's decision to delay the XRP ETF approvals comes amidst a broader trend of extending review periods for various altcoin ETF applications. The agency has also pushed back decisions on Solana (SOL) and Litecoin (LTC) ETFs, with new deadlines set for October [1]. This ongoing review process has prolonged uncertainty over the potential launch of these ETFs, but industry analysts remain optimistic.

According to Bloomberg ETF experts James Seyffart and Eric Balchunas, the odds of XRP ETF approval stand at 95% [2]. The recent resolution of the Ripple-SEC lawsuit, which concluded on August 8, has brought regulatory clarity regarding XRP's status. The lawsuit's dismissal confirmed that XRP sold on public secondary exchanges is not considered a security, removing a significant obstacle to ETF approval [3]. This regulatory clarity has boosted market sentiment and raised expectations for an XRP ETF launch.

Several industry experts have expressed confidence in the potential of XRP ETF approval. Kenny Nguyen, a crypto analyst, predicted that XRP could surge to $22-$50 upon the launch of spot XRP ETFs, with the market cap potentially reaching $1.3 to $3 trillion [3]. Steven McClurg, CEO of Canary Capital, also noted that an XRP ETF could attract $5 billion in investment within its first month post-launch, highlighting strong institutional demand [3]. The Frankfurt Stock Exchange has also stated that a spot XRP ETF should not face any further regulatory hurdles following the lawsuit dismissal [3].

While the SEC's decision to delay XRP ETF approvals has prolonged the wait, the industry remains bullish on the potential launch of these products. The ongoing review process and the recent Ripple-SEC dispute resolution have set the stage for a potential XRP ETF approval, with multiple pending filings and strong institutional interest.

References:
[1] https://cointelegraph.com/news/sec-pushes-back-decisions-truth-social-solana-xrp-crypto-etfs
[2] https://crypto.news/xrp-etf-delayed-as-sec-stalls-on-altcoin-proposals-xrp-consolidates-around-3-00/
[3] https://www.tradingview.com/news/coinpedia:c4e6926a5094b:0-xrp-news-will-ripple-lawsuit-dismissal-push-for-xrp-etf-approval-experts-anticipate-xrp-price-surge/