2025-15940Notice

More Wait Time for CoinShares XRP ETF on Nasdaq

Published Date: 8/21/2025

Notice

Summary

The SEC is taking more time to decide if Nasdaq can list and trade shares of the CoinShares XRP ETF, a new crypto-based fund. This affects investors and the crypto market, as the decision could impact trading options and money flow. The SEC’s review period has been extended, so expect a final call later than originally planned.

Analyzed Economic Effects

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

Potential Impact on Crypto Trading Options

The SEC’s decision on whether to allow Nasdaq to list the CoinShares XRP ETF could affect investors and the crypto market by changing trading options and money flow. Because the Commission extended its review to October 23, 2025, any market effects tied to the approval or disapproval may be delayed until that date.

Decision Delayed to October 23, 2025

The SEC extended its review of Nasdaq’s proposal to list the CoinShares XRP ETF by an additional 60 days, moving the final decision date to October 23, 2025. The original 180-day review period would have ended on August 24, 2025, so the decision is now later than originally scheduled.

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Key Dates

Published Date
Effective Date
8/21/2025
10/23/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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