2025-04229Notice

SEC Puts XRP Crypto Trust on Hold: Investors Left Hanging Until April

Published Date: 3/17/2025

Notice

Summary

The SEC is taking extra time to review Cboe BZX Exchange’s plan to list and trade shares of the 21Shares Core XRP Trust, a new commodity-based investment tied to XRP cryptocurrency. This means investors and traders interested in XRP-related products will have to wait a bit longer before these shares hit the market. The decision deadline has been extended past April 7, 2025, to ensure a thorough review.

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Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Approval of XRP Trust Delayed

The SEC has extended its review of Cboe BZX Exchange’s proposal to list and trade shares of the 21Shares Core XRP Trust. The original 45-day review period that would have ended on April 7, 2025, has been extended so the SEC must act by May 22, 2025, meaning investors and traders interested in these XRP-linked shares will have to wait longer before they can trade them.

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Key Dates

Published Date
Effective Date
3/17/2025
5/22/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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