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The US Securities and Exchange Commission is expected to postpone its decision on XRP-related spot cryptocurrency exchange-traded funds.

Although several filings are approaching significant deadlines, Bloomberg ETF analyst James Seyffart believes there is little chance of approval shortly.

 

XRP ETP deadlines are imminent, but the SEC is unlikely to take any action until late June or early July, according to a recent post on X by Seyffart.

He added that the fourth quarter of this year might provide a more reasonable timeframe for a final decision. Since the approval of Bitcoin and Ethereum ETFs last year, the crypto industry had anticipated a more decisive stance, making this delay a cause for concern.

Many people are now questioning the SEC’s intentions regarding the launch of new crypto-based products. Despite the high demand for spot crypto ETFs, the industry struggled to advance its regulations due to its cautiousness and slow response.

These ETFs attract traditional finance because they allow investors to profit from cryptocurrencies without owning them. Industry leaders viewed the pending XRP ETF applications as a vital opportunity to showcase the market’s readiness for broader integration, which has heightened concerns about regulatory intentions.

Many expected quicker action from the SEC as a sign of regulatory acceptance and maturity. Given the numerous delays, many wonder when the financial system will embrace alternative crypto assets. The prolonged duration raises questions.