The American Sex is delayed by the Greiscale XRP ETF decision

Greiscale request for Spot XRP Exchange Fund delayed American securities and execution, which is given more time to examine the proposal.

Toward seconds notice Published 11. Marta, the following deadline was moved to 21. May by extending the regulator, although the final decision cannot be made by mid-October. SEC recognized CIDSCALE XRP ETF ETF in February after it was initially submit In January.

The company’s offer was the first rippi (XRP) ETF proposal that the regulator recognized. Canary capital, Visdomtree, Bitchere, Coinshares and 21Shares is among other property managers who have applied, suggesting increasing interest in institutional investment products related to KSRP.

Meanwhile, Franklin Templeton entered the race submission As S-1 with SEC 11. March in order to establish Franklin XRP Trust. If authorized, coinbase custody acts as a custody of the ETF and the trades of CBOE BZX exchange.

Lifting the fulfillment of the ETF follows the success of the Bitcoin ETFS Spot, which manage $ 95 billion of property from 12. Marta, as shown Koinglass data. According to industry insiders, an increasing number of registration ETF is the result of a major trend to offer investors regulated replacements for common digital investments for digital assets.

Many believe that these ETFs are an essential step in improving market transparency and investor protection. The SEK is still careful despite the spikes in the submission. In the past, SEC was hesitant To approve the CRIPTO based on the ETF, referring to concerns about regulatory insecurity and market manipulation.

However, according to Bloomberg’s analysts, Eric Balchunas and James Seiffart, KSRP ETFs have 65-75% chance to be approved in 2025. years. The market asset also remains optimistic. In the platform for the POLIMARKE CRIPTOCURLENCE Betting, and they trained at the moment odds Approvals at about 72%, indicating confidence in a positive result.

Investors are now waiting for additional information, and many expect the more transparent regulatory environment to open new avenes for investment in the digital asset.