XRP ETF Delay Shows SEC Is Not Ready Yet

The XRP ETF delay by the U.S. Securities and Exchange Commission (SEC) underscores the cautious approach that regulators continue to take when evaluating crypto-based exchange-traded funds. In a recent move, the SEC extended its review window for the 21Shares proposal to launch a spot XRP ETF, a decision widely regarded as standard in the agency’s approval process.

The application, initially submitted by 21Shares on March 11, has entered a statutory evaluation period that can extend to a total of 240 days. The delay falls within expected timelines, as the SEC typically uses this period to solicit public comments and examine market implications. Despite the procedural nature of this extension, anticipation grows within the XRP community as traders and investors await approval that could significantly impact the asset’s legitimacy in the broader financial ecosystem.

This delay is not an isolated incident. Applications from firms like Bitwise and Franklin Templeton for similar spot crypto ETFs have also faced postponements this year. However, these setbacks mirror what was observed with Bitcoin and Ethereum ETFs, both of which saw similar deferrals before eventually getting the green light from regulators. With this historical context in mind, many experts remain optimistic regarding XRP’s chances.

According to coverage from Bloomberg, several analysts believe a spot XRP ETF could receive regulatory approval within the coming months, potentially by June. If this projection holds true, it could signal a turning point for Ripple and XRP’s integration into traditional finance systems. Furthermore, this kind of SEC approval would serve as a nod of regulatory confidence in XRP’s market maturity and underlying technological strength.

The proposed ETF could mark an important milestone, especially for institutional investors who have been waiting for a regulated vehicle offering direct exposure to XRP. Currently, XRP continues to fight for mainstream acceptance amid ongoing U.S. regulatory scrutiny. A spot ETF would provide a more accessible path for funds, hedge investors, and asset managers to allocate capital into XRP without the direct complexities of custody, trading, and compliance.

Technologically, XRP is well-positioned. Ripple’s efforts to expand use in cross-border payments and financial services remain strong, especially in partnerships with international banking systems. Unlike many pure speculative tokens, XRP carries a real-world utility that reinforces its long-term potential. An ETF could enhance these narratives, reinforcing the idea that XRP represents more than a volatile alternative coin — it is a cornerstone of digital finance infrastructure.

While delays naturally create uncertainty, they often serve as a regulatory mechanism to ensure investor protection. The SEC’s prolonged evaluation reflects the seriousness with which it handles cryptocurrency adoption into traditional market instruments. This latest postponement should not be seen as a setback for XRP but rather as another necessary step in the maturing crypto market landscape.

In parallel, other developments in the crypto world continue to gain attention. For example, a significant amount of Dogecoin — 260 million DOGE valued at more than $57 million — was recently withdrawn from Robinhood and transferred to an unknown wallet. While this movement spurred speculation about market manipulation or whale behavior, it also aligns with the broader pattern of large-scale crypto holders moving assets into long-term storage.

Meanwhile, Shiba Inu recorded a stunning 137% jump in value within 24 hours amid unusual trading activity and strong liquidity. Yet technical evaluations suggest a possible cooldown may be imminent based on declining volumes and resistance levels.

Related: Expert Advice: Sell XRP If You’re Confused

Nonetheless, among these developments, the spotlight remains on the XRP ETF delay. While the crypto market navigates through bursts of volatility and investor speculation, XRP continues its journey through regulatory channels — a path that, once cleared, could open the door to broader institutional support and long-term growth.