The U.S. Securities and Exchange Commission is reviewing its approval of the Grayscale XRP ETF.

The battle of the XRP traded boxes and the hesitation of the giants of money
The cryptocurrency sector is holding its breath in the midst of hesitant regulatory guidelines. With increasing excitement for cryptocurrency exchange-traded funds, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on a crucial request: transforming the Grayscale XRP Trust fund into an exchange-traded fund.
This delay, announced on Tuesday, highlights the increasing regulatory challenges surrounding these assets, even as institutional investors embrace cryptocurrency-linked financial products. Amid regulatory uncertainties and expansion strategies by top asset managers, supporters of the exchange-traded XRP fund continue to wait.
The U.S. Securities and Exchange Commission is reviewing its review of the Grayscale XRP ETF.
The U.S. financial regulatory authority has decided to postpone the decision on Grayscale's request to convert its XRP Trust fund into an exchange-traded fund (ETF) (. The authority stated in its announcement that it deems it "appropriate" to extend the review period to assess the implications of this conversion in more detail.
This announcement directly affected the price of XRP, which dropped by 1.2% after reaching its peak during the day at $2.2. This delay is not an isolated case: the U.S. Securities and Exchange Commission (SEC) has postponed its decisions on similar proposals, including those targeting the traded index funds (ETFs) for Dogecoin and Litecoin currencies.