The US Securities and Stock Exchange Commission (SEC), Bitwise, Coinshares and 21shares’e three different Spot XRP stock exchange investment funds (ETF) announced the decision to extend the decision. This development shows that the work of regulatory institutions continues in the approval processes of ETF products in the USA. According to the official statement, the final decision for the applications in question was postponed to a later date and the process will continue until October.
XRP ETF postponement
This decision of the SEC is associated with the necessity of careful evaluation of the risks and impact of financial products on the market. The Commission has announced a waiting period, citing the market conditions and regulation framework for existing applications. This decision stems from the fact that the regulatory framework for ETF applications and crypto assets in the US has not yet become clear.
SEC: “Market safety and investor protection are among our priority targets. We are meticulously examining applications.”
Future of XRP Coin ETFs
The fate of XRP ETF applications are closely related to both investors and crypto asset sector. SECON Similarly in the last period of SECOIN $115,054.16 and Ethereum 
$4,266.78 We know that it postponed the decision processes and ultimately approved the decision processes in based ETF applications. Considering that there are dozens of accumulated applications, it would not be surprising that the postponement continues until the deadline.
Investment companies Bitwise, Coinshares and 21shares continue to prepare for their applications while waiting for SEC’s decision. Company representatives say that the process in the release of ETF products is meticulously managed and acted in accordance with regulation.
21Shares Representative, “We think that our application is important in terms of transparency and contribution to the market.”
In October, the SEC is expected to create a general legal framework for the subcoin ETFs before the final decisions. As previously announced by Eleanor Terrett, the element is handled by Altcoin ETFs collectively instead of giving approval. ETH and BTC have been overcome at many complex stages in approval processes. When the ongoing process for the Altcoin ETF approvals is completed, we will now see that the Altcoin ETF approvals come faster.
As a result, not surprising XRP Coin ETF decision postponement announcements remind you that investors should wait until October. It is likely that investors see a rapid rise through the Altcoins with the mass approvals in October and we are likely to experience the bull markets environment that resembles the end of 2021.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
