Breaking: XRP ETFs Facing Fresh SEC Delay - U.Today

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The U.S. Securities and Exchange Commission (SEC) has delayed XRP exchange-traded fund (ETF) proposals from 21Shares as well as CoinShares

The two proposals were originally filed on Nov. 21, 2024, and Jan. 24, respectively

The SEC acknowledged both of these proposals back in February

The agency is expected to either approve or deny these applications in October.

What do recent delays mean?

Once the SEC acknowledges a certain application, it has a maximum review timeline of up to 240 days

The recent delays do not mean that the SEC opposes the approval of such products since these are merely procedural moves

As reported by U.Today, Bloomberg analysts are still certain that XRP ETFs will be greenlit during the fourth quarter of the current year

XRP-0.51%
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