The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on the WisdomTree XRP spot exchange-traded fund (ETF), extending the wait for another spot crypto product in the U.S.
XRP traded around $2.96 following the announcement, showing little immediate reaction. In a filing dated Aug. 25, the SEC said it would postpone its ruling on the WisdomTree XRP Fund until Oct. 24, 2025.
The agency first began reviewing the application in May, marking the debut of a U.S. filing for a spot XRP ETF. Under federal securities law, the SEC has up to 240 days to either approve or reject such applications. While the regulator has signaled efforts to shorten review timelines, it continues to rely on statutory deadlines.
The delay follows a wave of updated filings from several prospective XRP ETF issuers earlier this month. Bloomberg ETF analyst James Seyffart described the updates as a “positive sign” for the approval process, even as the SEC pushes its decision further out.
The XRP spot ETF remains one of the most closely watched products in the digital asset market. While the SEC’s postponement does not amount to a rejection, analysts say it could briefly weigh on sentiment among XRP’s vocal investor base, known as the “XRP Army.”
Some market observers expect heightened short-term volatility as traders position ahead of the final deadline, with momentum likely to build as October approaches.
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