XRP News Today: SEC Prolongs XRP ETF Deliberations Amid Regulatory Caution

21Shares has made progress in its efforts to bring an XRP-based exchange-traded fund (ETF) to market, with recent news indicating that the firm's XRP ETF has been registered in Delaware, USA [2]. This registration marks a key administrative milestone, suggesting the product is entering a more advanced stage of the approval process. However, the U.S. Securities and Exchange Commission (SEC) has delayed its decision on the specific application for the 21Shares Core XRP Trust, pushing the final decision deadline to October 19, 2025 [1]. The SEC requested additional time to evaluate the filing after initiating proceedings in May, following the initial submission in February [1].

The 21Shares Core XRP Trust is intended for listing on the Cboe BZX Exchange, and its filing was amended and republished in the Federal Register in February 2025 [1]. The firm has joined other ETF applicants, including CoinShares, which has submitted a similar proposal for an XRP ETF, seeking to capitalize on the momentum following the SEC’s approvals of spot Bitcoin and Ethereum ETFs in the previous year [1]. These approvals have created a regulatory precedent that has encouraged the expansion of digital asset ETFs to include other cryptocurrencies, with XRP being one of the key targets for such products [1].

Alongside the 21Shares application, the SEC has also extended the review period for the CoinShares XRP ETF, which is proposed for listing on the Nasdaq Stock Market. The SEC set a new deadline of October 23, 2025, to evaluate this filing [1]. The CoinShares XRP ETF was initially submitted on February 7, 2025, with its rule change published on February 25 of the same year [1]. The SEC’s extended timelines reflect the commission’s broader approach to handling the influx of digital asset ETF proposals, as it seeks to balance innovation with investor protection and regulatory clarity [1].

The registration of the 21Shares XRP ETF in Delaware is a significant step, as it demonstrates the fund's compliance with the legal and administrative requirements necessary for ETF creation in the United States. However, the registration itself does not guarantee SEC approval for the product to trade publicly. The SEC has also delayed decisions on other XRP-related ETFs, such as the CoinShares Litecoin ETF and the Truth Social Bitcoin and Ethereum ETF, indicating a systematic approach to processing these applications [1].

The broader context of these filings is the increased interest in regulated exposure to digital assets, following the success of Bitcoin and Ethereum ETFs. This trend has led to greater scrutiny from regulators, who are balancing the demand for diversified crypto investment vehicles with concerns over market volatility, investor protection, and the legal status of certain digital tokens [1]. The extended timelines for XRP ETF approvals suggest the SEC is taking a cautious approach to ensure the legal and operational risks are fully understood before granting approval [1].

Source:

[1] SEC pushes back decisions on XRP ETFs from 21Shares, ... (https://cryptobriefing.com/sec-xrp-etf-delay-decision/)

[2] 21SHARES XRP ETF is now registered in Delaware, USA (https://www.odaily.news/en/newsflash/444675)