Analysis

SEC Postpones Decision to Either Approve or Disapprove Grayscale’s XRP ETF Application to May

Published

7 months ago

March 13, 2025

The US Securities and Alternate Fee (SEC) says that it wants further time to determine on the proposal from the Crypto Funding Supervisor Grayscale to launch an XRP Alternate-Traded Fund (ETF).

In January, the main ETF Alternate New York Inventory Alternate (NYSE) Arca submitted a proposed change of rule within the Securities Regulator to state shares of the Grayscale XRP Belief, which is able to comply with the market worth of the fourth largest cryptocurrency per market hood.

The SEC is meant to decide on the applying on April 6, or 45 days after the publication of the notification of the submission on 20 February, however the regulator out It now extends the evaluation interval to judge the applying.

“The committee finds it applicable to point an extended interval inside which the proposed change of rule can take motion, as amended by modification no. 1, in order that it has ample time to contemplate the proposed rule change and the problems issued therein.”

The SEC should subject its resolution inside 45 days of recognizing the submission, however the interval might be prolonged to 90 days if the company determines that further time is required for the evaluation.

“Accordingly, the Fee, in accordance with part 19 (b) (2) of the Act, appoints 21 Could 2025, such because the date on which the Fee rejects or rejects or can decide whether or not the proposed rule change, as amended by modification no. 1.”

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