The XRP ETF landscape is once again facing delays, as the U.S. Securities and Exchange Commission (SEC) released fresh updates concerning several proposals to list ETFs based on Ripple’s native token.

SEC Extends Review Period for CoinShares Proposal

In a recently published update, the SEC disclosed it is postponing its decision on the Nasdaq proposal to list and trade the CoinShares XRP ETF. The original deadline for this decision was August 24, but regulators have pushed it to October 23, 2025. The agency emphasized that it requires more time to consider public feedback and assess the proposed rule changes thoroughly.

The CoinShares ETF, if ultimately approved, would offer investors traditional market exposure to XRP through Nasdaq’s Commodity-Based Trust Shares structure. This format is designed to give investors secure, regulated access to cryptocurrency assets.

Bitwise and Canary ETF Proposals Also Postponed

Following the update regarding CoinShares, it was reported that the SEC is also delaying decisions on two additional XRP ETF filings submitted by Bitwise and Canary. As with the CoinShares proposal, these cases will undergo extended evaluation periods, with final rulings expected at a later date.

This string of delays reflects the regulatory body’s ongoing cautious stance toward cryptocurrency-based investment products, particularly those offering spot market exposure. By extending the timeline, the SEC aims to better determine how these offerings might affect investor protection and market integrity.

XRP Price Struggles Amid Market Correction

These ETF delays coincide with a volatile period for XRP itself. Recently, Ripple’s token dipped below the critical $3 support mark as a result of a broader market correction. Shortly after, it managed a fragile recovery to hover just above that threshold.

However, the outlook remains uncertain. Some analysts have warned of further downside risk, forecasting a potential drop as low as $2.10 if XRP fails to maintain its current support levels. As highlighted in a recent analysis, the next few weeks could be crucial for XRP investors betting on both price movement and ETF approval momentum.

Related: XRP Price: $12M Max Pain for Bears

An illustrative view representing XRP ETF prospect evaluations and market sentiment in fluctuation.