SEC delays decision on WisdomTree XRP ETF to October 2025 amid rising XRP ETF filings and ongoing regulatory review and investor protection concerns.
The U.S. Securities and Exchange Commission (SEC) has officially postponed its decision on the proposed WisdomTree spot XRP exchange-traded fund (ETF). The new deadline is now set for October 24, 2025, giving the SEC more time to assess the application. This setback occurs at a time when the interest in XRP-based ETFs is increasing rapidly in the crypto and financial world.
WisdomTree XRP ETF Awaits SEC Ruling After Review Extension
First, Cboe BZX Exchange applied to use an ETF and requested a rule change to list and trade shares of the WisdomTree XRP Trust. Next, instead of giving a quick decision, the SEC extended its review. Then, the SEC explained that it needs more time to study the impact of the product on the market. Finally, the agency also wants to make sure investors will be properly protected.
Meanwhile, six other large asset managers also revised their spot XRP ETF applications. Such companies are Grayscale, Bitwise, CoinShares, Franklin Templeton, 21Shares, and Canary. On August 22, 2025, they filed amended S-1 registration statements, probably as a result of SEC criticism. Interestingly, Grayscale also submitted a new registration statement of its proposed XRP Trust ETF.
These updates are likely a result of comments made by the SEC, according to Bloomberg ETF analyst James Seyffart: “This is likely an almost certain result of SEC feedback.” He described the development as a good sign as there was continuous dialogue between regulators and issuers. However, he has pointed out that these changes are not unusual as they are a natural part of the ETF approval process.
At this point, the SEC has denied all of the pending spot XRP ETFs, except that of Franklin Templeton. The application is also coming close to the third deadline next month and a final ruling on the same is expected in November 2025. In the interim, the first big deadline on any XRP ETF approval is October 18, which Grayscale has an application. Rulings on the other applications will soon be made.
Related Reading: Seven Asset Managers Revise XRP ETF Applications After SEC Feedback | Live Bitcoin News
XRP ETF Decisions Loom as SEC Reviews Intensify
In another related move, Canary has proposed an ETF dubbed, Canary American-made Crypto ETF. This product would provide investors with exposure to cryptocurrencies that are developed, minted or run in the United States. Because XRP fits these requirements, it is also possible that the cryptocurrency would be a part of this new fund.
The SEC is taking a long time to review spot XRP ETFs, showing its cautious approach toward crypto-related financial products. As more people and companies ask for these ETFs, the agency continues to study the risks. These include concerns about market manipulation, how the assets are stored, and how investors are protected.
Still, the recent wave of updated filings and active talks between the SEC and asset managers shows that there is some movement forward. The next few months will play an important role in shaping the future of XRP ETFs in the U.S.
Finally, the fact that the SEC has not made a decision on the WisdomTree XRP ETF yet is telling of their desire to tread carefully. Several applications are still waiting for approval, and time is running out. Everyone is focused on the SEC and how it plans to guide the mix of traditional finance and digital assets.