TLDR
- SEC sets October 24 deadline for final decision on WisdomTree’s XRP ETF.
- All XRP ETF issuers have submitted updated S-1 filings to the SEC.
- Grayscale’s XRP ETF decision deadline is scheduled for October 18.
- Franklin Templeton’s XRP ETF filing follows a separate review timeline.
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on WisdomTree’s proposed XRP ETF, pushing the deadline to late October. This move aligns with the Commission’s recent pattern of postponing rulings on crypto-related ETFs, which has drawn attention from investors and industry analysts. With this new date, the SEC is expected to make a final ruling on several pending XRP ETF applications within a short time frame.
SEC Sets October 24 Deadline for WisdomTree XRP ETF Decision
The SEC has announced that it will extend the timeline to decide on the proposed WisdomTree XRP ETF, with the new date set for October 24. In an official notice, the Commission stated that it found it “appropriate to designate a longer period” to evaluate the proposed rule change from Cboe BZX Exchange, which seeks to list and trade shares of the fund.
This extension means the SEC has now delayed action on all spot XRP ETF applications, except for one from Franklin Templeton. That application remains under a separate timeline. The delay does not suggest approval or denial but gives the Commission more time to review the proposal under the Exchange Act.
Bunch of XRP ETF filings being updated by issuers today. Almost certainly due to feedback from SEC. Good sign, but also mostly expected pic.twitter.com/GiSL1kc6lt
— James Seyffart (@JSeyff) August 22, 2025
The XRP ETF filings are being watched closely, as they would offer investors exposure to XRP without direct ownership of the asset. The decision on WisdomTree’s fund is now expected around the same time as several other XRP fund proposals. The first final deadline is October 18 for Grayscale’s application, followed by others within days.
ETF Issuers Submit Amended S-1 Filings Following SEC Feedback
ETF issuers have already taken steps in preparation for a possible approval. All firms involved in the XRP ETF filings, including WisdomTree, have submitted amended S-1 registration statements. According to Bloomberg analyst James Seyffart, these changes were likely made in response to comments from the SEC.
“The updates to the S-1 filings almost certainly reflect feedback from the Commission,” Seyffart said. He added that this was expected during the ETF review process and is considered part of normal regulatory procedures.
The S-1 form is required for funds seeking to register with the SEC and offer shares to the public. Changes to this document are often requested by the SEC to improve transparency and meet legal requirements. Amending the S-1 also signals that discussions between the issuers and the Commission are ongoing.
This phase is often the final step before an ETF is either approved or denied. While the contents of the amendments were not detailed publicly, their submission suggests a continued effort by issuers to align with the SEC’s standards.
Other Crypto ETF Decisions Also Delayed
Apart from XRP funds, the SEC has also delayed decisions on several other digital asset ETFs. These include products tied to altcoins and meme coins. For example, the Commission extended the review period for Canary Capital’s staked TRX ETF and asked for comments from the public.
Canary’s PENGU ETF, which is linked to a meme coin, has also been delayed. These decisions suggest that the SEC is taking a cautious approach toward approving new crypto-related products. Analysts have noted that multiple filings are now stacking up toward year-end deadlines.
Additionally, Canary has submitted a new application for an “American-made Crypto ETF.” This proposed fund would focus on digital assets created, minted, or operated primarily in the U.S. XRP could be included in this fund due to its connection to U.S.-based operations and protocols.
With several decisions expected between October and November, market participants will continue to watch the SEC’s actions closely. Bloomberg analysts have predicted a high likelihood that some or all of these XRP ETF filings could receive approval before the end of the year.
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