XRP ETF Race Heats Up

Key Takeaways

• The U.S. Securities and Exchange Commission (SEC) has issued an updated statement regarding several applications for spot XRP ETFs.
• XRP’s price experienced volatility recently but has rebounded above the critical $3 support mark.

The SEC announced moments ago that they are extending the deadline for a decision on whether or not to approve Nasdaq’s proposal to list and trade Coinshares’ XRP ETF.

The agency stated in its filing that the decision deadline, initially set for August 24th, has been moved to October 23rd, 2025. The SEC explained that this extension is necessary to allow for a more thorough assessment of the proposed regulatory change and newly submitted public feedback.

Should it gain approval, the Coinshares XRP ETF would leverage Nasdaq’s Commodity-Based Trust Shares structure, providing investors with regulated access to Ripple’s XRP token via conventional financial markets. This would be a major step for XRP accessibility.

Following this SEC announcement, information surfaced indicating that the agency has also postponed decisions on two additional XRP ETF requests – those submitted by Bitwise and Canary.

Mirroring a broader market downturn, XRP’s value dipped below the $3 mark earlier, considered a crucial support level. While it has since recovered slightly, the risk of a further price decline remains, with some analysts suggesting a potential drop to as low as $2.10 if this support level isn’t maintained.