SEC Extends XRP ETF Filing Deadlines: What Investors Need to Know

Regulatory delays continue reshaping the XRP ETF landscape as the Securities and Exchange Commission announces fresh sec filing deadlines extending into October. The regulator has postponed its ruling on WisdomTree’s XRP ETF, setting October 24 as the new decision threshold. This extension signals that most pending spot XRP ETF applications—aside from Franklin Templeton’s track—won’t see final approval or rejection until November.

Multiple sec filing deadlines pile up this quarter

The approval timeline is now densely packed with decision points. October 18 marks when the SEC must rule on Grayscale’s application, with additional determinations arriving shortly after. Franklin Templeton faces its third deadline in September, with a final ruling potentially coming in November. Industry observers, including Bloomberg analysts Eric Balchunas and James Seyffart, estimate a 95% probability of full approval arriving before year-end.

The recent catalyst involves six asset managers submitting amended S-1 forms, while Grayscale filed a fresh registration statement for its XRP Trust ETF. According to Seyffart, these revisions likely reflected SEC feedback—a constructive sign despite being widely anticipated. The regulator formally stated it requires additional time to thoroughly assess the proposals and related compliance questions across pending applications.

Market conditions favor quick resolution

Interest rate speculation has energized risk assets broadly. Federal Reserve Chair Jerome Powell’s Jackson Hole remarks hinted at potential cuts at the September meeting, sparking immediate buying pressure. Current rates sit 100 basis points below last year’s Jackson Hole level, holding steady at 4.25%-4.5% since December. While low unemployment constraints Fed flexibility, Powell acknowledged recent unpredictability in economic forecasting.

XRP demonstrated muted reaction to the WisdomTree delay news itself. The token surged to $3.10 during Friday’s Powell-driven rally, retreated to $2.92 by Sunday, and stabilized around $2.96 by Monday afternoon. Current pricing stands at $1.93 with 24-hour momentum at +2.49%.

Beyond XRP: SEC reviewing broader altcoin ETF filings

Regulatory scrutiny extends past XRP. The SEC is examining Canary Capital’s staked TRX ETF while prolonging review of its PENGU ETF filing (meme-coin category). The commission is collecting public feedback on these proposals alongside a separate Dogecoin ETF application.

Canary Capital separately launched its “Made-in-America” initiative with the Canary American-Made Crypto ETF (ticker MRCA), designed to track cryptocurrencies created, mined, or primarily operated in the United States. Trading will occur on Cboe BZX. The fund incorporates proof-of-stake staking through third-party providers, adding earned rewards to net asset value.

The index excludes stablecoins, meme coins, and pegged tokens while requiring qualifying assets to maintain regulated US custody eligibility, sufficient liquidity, and multi-venue trading. Index rebalancing occurs quarterly through an oversight committee.

Historical precedent suggests the SEC can accelerate final decisions. The Bitcoin and Ethereum ETF approvals earlier this year demonstrated the regulator’s capacity to greenlight multiple products simultaneously, provided all technical requirements are satisfied by established sec filing deadlines.