Lo, the Securities and Exchange Commission, keeper of all things measured and regulatory in the cherry-blossomed corridors of American finance, has once more postponed its verdict on the much-gossiped XRP Spot ETF. Fans of frenzied bullishness, do curtail your exuberance—the new date to circle is June 17. Meanwhile, DOGE and Ethereum staking ETF hopefuls may wish to keep their calendars etched to October, in what is quickly resembling an elaborate game of calendar kickball. 🤹♂️
If you sense the market reeling at this latest hesitation—well, it didn’t. Wall Street took the news with the serenity of a cat watching a goldfish: wary, unblinking, and possibly overfed. Sure, the SEC moves with the grace of a glacier—see: Ripple, settlement, a saga fit for Homer—but there is a cherished chance we’ll see an XRP ETF ruling before the leaves gift the earth their autumnal beauty. 🍂
No Decision Yet on US XRP ETFs
Picture this: the crypto industry, keyed up like an orchestra on too much espresso, so eager for an XRP ETF that even rumors trigger price hopscotch (and headaches). Meanwhile, Brazil beat the US to the metaphorical punch, launching the world’s first XRP ETF and igniting optimism of samba proportions. 🇧🇷
Enter the SEC with Franklin Templeton’s earnest but officially postponed proposal—send your consolatory fruit baskets accordingly. Wait, there’s more: Bitwise’s Dogecoin ETF and an Ethereum staking ETF ambitions are also stuck, dangling somewhere between Schrödinger’s Approval and Quantum Indifference.
And what of this bearish breeze blowing from the SEC? Fear not, for analyst James Seyffart assures us that delays were entirely expected—like rain at Wimbledon or plot twists in Dostoevsky. Indeed, Seyffart wagers that Solana and HBAR ETF dreams are destined for similar bureaucratic siestas:
“These dates are all intermediate and we will likely see final decisions on a lot of the crypto ETPs in Q4. For the XRP spot ETF, [I’m] eyeing mid-October, around the 18th, as a final decision deadline. It’s possible the SEC won’t take all that time to make its decision, but a lot will hinge on how actively they engage on the applications,” opines Seyffart, perhaps while twirling an invisible cane.
Even with the SEC’s more amiable leadership (cue confetti and slightly softer regulations), don’t break out the champagne. More than 70 ETF proposals jostle for bureaucratic attention. Picture the world’s dullest Royal Rumble, only with forms instead of flying elbows. This June “deadline”—if one dares call it that—may evaporate at the Commission’s whim.
The oracular sages at Polymarket responded to SDR: “No ETF for you!” Odds for Q2 approvals of XRP ETF plummeted—reacting with all the melodrama of a telenovela villain’s swoon.
But truly, October was inked as the final stop all along—a bureaucratic terminus no one actually disembarks at. There are good reasons for this unhurried dance: move too fast, and you risk opening Pandora’s Pandaemonium on the markets (and we’ve only just recovered from the last hullabaloo). Yet, show too much favor to crypto’s cause and you, SEC, may lose what remains of your unsmiling neutrality.
Ripple’s case, though ostensibly retired, continues lurking behind the curtain—think of Hamlet’s father, only with more legalese and less existential drama.
Thus, we find ourselves where we began: delays, deadlines, decisions deferred. The market, seasoned by now to the ways of Kafka-esque procedure, takes it all with a sigh and a shrug. October (or perhaps sooner, if the ineffable machinery shifts) remains the season of hope—or, at least, of choice regulatory procrastination. 🕰️
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2025-04-29 22:07