SEC Delays Decision on Multiple XRP ETFs, Impacting Market Sentiment

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on several spot XRP ETF applications, sending ripples through the crypto market. This delay, set to continue until October 2025, affects key players like Bitwise, CoinShares, Grayscale, and others seeking approval from the SEC for their proposed ETFs. The extended deadline stems from a need for additional public comments and proposed rule changes, creating uncertainty for investors.