In a tale as old as time-or at least as an old as the last five minutes of a county fair-there exists the ever-delayed saga of the Ripple ETFs. Like a stubborn mule on a hot day, the United States Securities and Exchange Commission continues to dawdle over a herd of spot crypto ETFs, including a pride that aspires to follow the whims of Ripple’s token.
These hoofbeats of hesitation prang on even after the landscape shuffled with the changing of mafiosos in high positions and Gary Gensler’s surprise departure. The pertinent question remains, why in tarnation? A steadfast soldier of the XRP brigades took a crack at unraveling this yarn.
Why the Yo-Yo, SEC?
Remember the time when the SEC, in a fit of midsummer madness, kept nudging deadlines like a stubborn onion causing tears, extending the vows for a hoard of spot XRP ETF applications all the way to October? Those issuers were sent back to the drawing board, with Franklin’s unfortunate lot pushed further to November, far past their September dreams.
John Squire, a colorful member of the XRP cadre, decided to play detective with these stubborn delays, especially case number Franklin. He noted how the SEC “almost always” takes its sweet old time with the first-round filings, recalling similar arts with Bitcoin and Ethereum before letting them through the pearly gates. It seems to buy itself some time for scribbled public comments and some ponderous internal reflection, he added.
Squire, whose prowess on X gathers him many admirers, opines that politics is squeezing the squeezebox-once the SEC nods to these XRP ETFs, it’s like throwing a pie in the face of the institutional demand party.
“The SEC plays its cards slow in fear of tripping in a pile of hot spaghetti during an election year,” he mused.
He further noted with a wagging finger that the SEC seeks “clarity on custody, settlement, and which side of the fence belongs to its head,” checking off every box before allowing those green lights to shine.
Delays Are Not the Color of Rejection
Squire lectured that even though the Commission might be fashionably late in its courtship of numerous ETF proposals, rejection isn’t in the cards. Both Bitcoin and Ethereum flirted their way through similar hoops before receiving an enthusiastic thumbs-up in 2024.
This popular X citizen hinted that Wall Street has its eyes on XRP and summed up the situation: Ripple ETFs, it seems, are as inevitable as the gentle ocean waves kissing the shore.
Bottom line:
A delay is not a no-say-it’s part of the SEC’s love poem.
Wall Street gets a hankering for exposure.
Sooner or later, those spot $XRP ETFs are as sure as Sunday morning.
– John Squire (@TheCryptoSquire) September 12, 2025
ETF gurus and the sages at Polymarket nod along, in some obscene agreement with his bold claim. Nate Geraci, a sage from the ETF Institute, remarked down a coffeehouse prophecy that the chances for XRP ETFs to waltz into US markets this year are pretty much nailed to the cactus-about 100%, with the betting platform not far from that number either.
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2025-09-13 08:57