XRP ETF Decision Delayed by SEC

SEC Delays Decision on Grayscale’s XRP ETF Application

• The SEC delayed its decision on Grayscale’s XRP ETF application, requiring more time for review.
• The initial review period of 45 days can be extended up to 240 days.
• Franklin Templeton also filed for a spot XRP ETF with the SEC.
• XRP price rose to $2.19, up nearly 9% recently.
• Spot Bitcoin ETFs manage close to $100 billion in assets.

The SEC has postponed its decision on Grayscale’s proposal for an XRP ETF, which could extend the review period up to mid-October. Meanwhile, Franklin Templeton has submitted a similar application amid growing demand for digital asset investments.