XRP ETF Hopes Dashed: SEC Stings Ripple Again

Key Takeaways:

• The United States Securities and Exchange Commission (SEC) is taking more time to decide on the numerous applications requesting approval for spot XRP Exchange Traded Funds (ETFs).
• Despite the agency holding 15 of these filings, analysts believe Ripple will likely secure its own spot ETF before the year concludes.

The SEC’s latest announcement specifically concerns the Franklin XRP ETF, which was submitted for consideration in March of this year. Back in April, the Commission initially deferred its decision, stating a need for additional input from both issuers and potential investors.

Official proceedings to assess the approval or rejection of these applications began in June. The SEC originally had a 180-day window, starting from the initial March filing, to deliver its final verdict; this deadline was set for September 15th.

However, a new notification released on September 10th reveals that the SEC is extending the review period by another 60 days. This pushes the new decision deadline to November 14, 2025. Many other XRP ETF applications have deadlines falling in October of this year.

The price of XRP has largely remained stable despite this latest regulatory development. The digital asset briefly rose above $3 earlier today and has maintained that level in the immediate aftermath of the SEC’s announcement.

Even with the recent delay, data from Polymarket still indicates a strong likelihood – over 90% – that a spot XRP ETF will receive approval by the end of the year.

The SEC is applying a similar strategy in its evaluation of other cryptocurrency ETF applications. For instance, the agency has postponed its decision regarding staking for BlackRock’s ETHA, which is the world’s largest ETH ETF.

SEC delays decision on staking for BlackRock spot $ETH ETF $ETHA

— The Wolf Of All Streets (@scottmelker) September 10, 2025