The SEC Just Announced Delays for an XRP ETF And Spot XRP Funds

It was a big deal when the U.S. Securities and Exchange Commission (SEC) finally approved the first spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) in January 2024. Crypto investors also saw a sea change when the SEC gave the nod to Ethereum (CRYPTO: ETH) ETFs six months later.These days, several fund manager firms are seeking approval for spot-priced XRP (CRYPTO: XRP) funds -- and the SEC is dragging its feet again. This week, regulators took one look at the waiting XRP ETF filings that were due for a decision and moved their deadlines to October instead.This calendar dance is nothing new. The SEC saw ETF decision deadlines looming for the Bitcoin and Ethereum funds many times over more than a decade of fund manager filings. Spot Bitcoin ETFs were launched in Canada three years before the American go-ahead. Fund manager Grayscale started its Grayscale Bitcoin Trust (NYSEMKT: GBTC) as a mutual fund in 2013 and almost immediately started pushing the SEC to allow that fund's conversion into a proper ETF.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool