The XRP community has been put on alert following another delay from the U.S. Securities and Exchange Commission regarding CoinShares’s proposed spot XRP ETF. While the pause has sparked concern in some corners, many investors now watch July closely as a possible turning point.
CoinShares, a Jersey-based digital asset management firm, first submitted its S-1 filing in January to list the ETF on Nasdaq. After the SEC recognized the filing news in February, a 240-day timeline began for the review process.
Experiencing delays such as these is typical and does not always mean the SEC is acting unfavorably. The commission often requires full review time before making decisions, mainly when handling crypto-based financial services.
Although the SEC has made no definite move, the latest setback moves the decision closer to December. The SEC could approve by July, giving investors extra attention.
Also Read: Bitcoin Dips Slightly as Altcoins Surge—What’s Fueling the Market Shift?
XRP Investors Focus on July as ETF Approval Hopes Remain Alive
This delay follows the recent debut of a futures-based XRP ETF from Volatility Shares, strengthening interest in spot-based alternatives. The launch suggests that institutional demand for XRP-backed products is growing steadily.
At the same time, Prediction platform Polymarket continues to show that the market is relatively confident about approving Bitcoin futures. Several traders believe the SEC could authorize spot XRP ETFs before the October deadlines.
With CoinShares’s product, investors could own XRP via regular market channels. The proposal opens up a big chance for digital assets to be regulated for more people.
Even as the SEC prolongs its review of XRP, CoinShares’ spot ETF proposal for XRP is still being considered. As approval is unlikely by July, everyone in the crypto market focuses on what will happen this summer.
Also Read: U.S. Could Unlock Trillions Through Stablecoins, Says Trump Administration Advisor
