Latest Information on Multiple Spot Ripple ETF Proposal Submissions
The United States Securities and Exchange Commission (SEC) has extended the review period for the proposed Nasdaq listing and trading of the Coinshares' XRP ETF, pushing back the initial decision date from August 24, 2025, to October 23, 2025. This development comes as several investment firms, including Bitwise, Canary, and Coinshares, have updated their XRP ETF filings following SEC feedback.
The Coinshares XRP ETF, if approved, would provide investors with regulated exposure to Ripple's token through traditional markets, under Nasdaq's Commodity-Based Trust Shares framework. The new deadline for the SEC's decision on the proposal is October 23, 2025.
The extension of the review period by the SEC is a new development, and it allows additional time to evaluate the proposed rule change. Several analysts have warned of the possibility of another price crash for Ripple's token, with the danger still looming for another price crash to as low as $2.10.
Recently, the price of Ripple's token has followed the overall market-wide correction, with the token dropping below $3 earlier today, which is a key support level. However, the underlying asset, Ripple, has recently returned above a crucial support level at $3.
As of October 23, 2022, there is no specific information available regarding the SEC's decision on the approval of Coinshares' XRP ETF, Bitwise's XRP ETF, and Canary's XRP ETF. The SEC's decision on these applications is influenced by ongoing litigation and regulatory developments, such as Ripple's legal case against the SEC, which is still ongoing.
The SEC has received new public comments as part of the evaluation process, and reports have emerged that the SEC has delayed making a decision regarding two more XRP ETF applications - those filed by Bitwise and Canary. The proposed Nasdaq listing and trading of the Coinshares' XRP ETF is still pending a decision from the SEC.
There is no mention of exclusive offers or promotions in this paragraph, and there is no mention of social media platforms. This article will be updated as more information becomes available regarding the SEC's decision on the approval of the XRP ETF applications.
[1] Coinshares, Bitwise, and Canary update XRP ETF filings following SEC feedback, CoinDesk, 2022. [2] Ripple's token drops below $3, key support level, Cointelegraph, 2022.
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