SEC Pushes XRP ETF Decision to October as Altcoin ETF Delays
US SEC has extended its review of spot XRP ETF applications by 60 days, setting new decision deadlines between October 18 and 23. Issuers including Bitwise, CoinShares, 21Shares, Canary Capital and Grayscale face the delay. Other altcoin ETFs, such as Solana (SOL) and Litecoin (LTC) funds, have also been pushed to late October. The pause follows heightened SEC scrutiny and the recent conclusion of the Ripple-SEC legal dispute. Despite the wait, analysts remain bullish on XRP ETF approval, with Bloomberg estimating a 95% chance and Polymarket odds above 77%. BlackRock confirms no immediate XRP ETF filing plans. Traders should watch for the SEC ruling, as approval could drive XRP markets and set the tone for future altcoin ETF launches.
Bullish
The SEC’s decision to extend the XRP ETF review period introduces short-term uncertainty, potentially limiting immediate price rallies. However, the high approval probabilities (Bloomberg’s 95%, Polymarket’s 77%), coupled with the resolution of the Ripple-SEC legal battle, bolster bullish sentiment. Approval would open a significant new investment channel for XRP and likely catalyze broader altcoin ETF launches. In the long term, cleared regulatory pathways for crypto ETFs support sustained upward pressure on XRP’s market price.