SEC Delays XRP ETF Again: Larry David’s Take 🤷‍♂️

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So, the U.S. Securities and Exchange Commission (SEC) has once again hit the pause button on an XRP ETF proposal, this time from 21Shares. I mean, really, what did we expect? 🙄

It’s like they’re playing a never-ending game of “Let’s See How Long We Can Keep You Waiting.” And you know what? XRP’s price dropped by 2%. Big surprise, right? 🤦‍♂️

It’s Not a No—It’s Just “Not Yet”

The 21Shares proposal for a spot XRP ETF is now delayed. Shocking, I know. But let’s be real, the SEC is like a turtle crossing the road. They take their sweet time, and delays like this are as common as bad hair days. 🐢

They usually take several months—up to 240 days—to review, gather public feedback, and study market data. So far, the SEC hasn’t approved any altcoin ETF—not even for Solana. They’re still testing the waters, just like they did with Bitcoin and Ethereum before giving them the green light. 🌊

XRP Isn’t Alone in the Waiting Room

This delay doesn’t just affect 21Shares. Other XRP ETF proposals from Franklin Templeton and Bitwise have also been pushed back earlier this year. But here’s the good news: Bitcoin and Ethereum ETFs were also delayed many times before they were approved. It’s just how the process works. 🎉

In fact, crypto analyst James Seyffart believes the SEC might take action by late June or sometime in the last quarter of this year. So, the wait may not be too long. Or it might be. Who knows? 🤷‍♂️

Positive Signs Are Already Here

Even though there’s no ETF yet, XRP is moving forward in other ways. Regulated XRP futures have already gone live this week, showing that institutions are getting more comfortable with the token. That’s a big step toward wider acceptance. 🚀

And according to Polymarket predictions, there’s an 83% chance that an XRP ETF will be approved by the end of 2024. That shows strong confidence in XRP’s future. Or maybe they’re just as clueless as the rest of us. 🤔

XRP Saw a Temporary Dip, But Long-Term Hope

After the news of the delay, XRP’s price fell by about 2%, now trading around $2.35. Some experts believe that the short-term price drops are normal during news like this. But hey, at least it’s not a total disaster, right? 🤞

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2025-05-21 08:35