SEC delay decision on 21Shares & CoinShares XRP Spot ETF
For August 18, 2025, US Securities and Exchange Commission (SEC) announce say dem don delay dia decision on top di XRP spot ETF applications wey 21Shares and CoinShares submit. This delay dey extend di regulatory uncertinities about XRP spot ETF approval and e follow di SEC main cautious approach to crypto exchange-traded products. Traders suppose prepare for possible market wahala for di XRP spot ETF side as SEC set new deadline (wey dem dey expect by middle October) for dia ruling. This delay show say regulatory gbege still dey for digital asset spot funds and e fit weigh down short-term XRP price action.
Bearish
Because SEC bin delay e decision dem on di XRP spot ETF apps from 21Shares and CoinShares, e extend di time we regulators never sure about XRP-based exchange-traded things. Normally, when ETF approval dem dey delay, the price of di things inside normally dey go down small small, like how di SEC delay dem Bitcoin and Ethereum spot ETFs cases before, e cause wahala and people start to sell. For short time, traders fit no happy with SEC cautious way, e fit put pressure for XRP price. For long time, if dem approve later, e fit bring big money from institutions, but since den dey always delay, e show say regulatory yawa dey, e fit stop big people from joining until everything clear. Overall, dis news get bearish effect till SEC talk final talk.