SEC push Grayscale Spot XRP ETF decision go Octoba 18, 2025
Di U.S. Securities and Exchange Commission (SEC) don extend dia review of Grayscale application to change Grayscale XRP Trust to spot XRP ETF. NYSE Arca first file the proposed XRP ETF on January 30, 2025, then amend am on February 10. When dem publish am for Federal Register on February 20, e trigger the first 180-day review period. After dem start proceedings on May 20 to collect more public comments, SEC use dia 60-day extension option on August 18, set new deadline for decision October 18, 2025. This delay fit with how commission dey normally handle digital asset ETF filings to give more time to check investor protection and market integrity. The spot XRP ETF still dey wait, and trading no fit start until SEC give final approval or rejection before mid-October statutory cutoff.
Neutral
SEC decision to extend di review time for Grayscale spot XRP ETF na follow beta pattern wey dey well known for digital asset ETF approval. Just like before applications from people like VanEck and WisdomTree, di Commission dey always use their 60-day extension to make sure say dem fit fully check market manipulation protection, surveillance agreements, and investor protection matters. Even though delay fit cause short-term wahala for XRP traders and make dem dey cautious, e no mean say dem don reject am. Historically, extension no mean automatic approval or failure; na just regulatory carefulness e show. Long term, di October 18 deadline dey fix expectation well and allow market people prepare for final outcome. Overall, dis procedural extension no go cause big sell-off or rally, cos traders sabi say dis kind delay dey common for ETF review cycle.