Extended Wait for Grayscale XRP Trust on NYSE Arca
Published Date: 8/21/2025
Notice
Summary
The SEC is taking more time to decide if NYSE Arca can list and trade shares of the Grayscale XRP Trust, a new crypto-based investment. This affects investors interested in XRP and could open up fresh trading options once approved. The decision delay means no immediate money moves, but keep an eye out for updates soon!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
SEC extends XRP listing decision deadline
The SEC extended its review period by 60 days and set October 18, 2025 as the new deadline to approve or disapprove NYSE Arca’s proposal to list and trade the Grayscale XRP Trust. The original 180-day review period would have ended on August 19, 2025, but the Commission said it needs more time to consider the proposal and issues raised.
Proposed listing: Grayscale XRP Trust shares
NYSE Arca filed a proposed rule change to list and trade shares of the Grayscale XRP Trust under NYSE Arca Rule 8.201-E (commodity-based trust shares). That proposed rule change was filed on January 30, 2025, amended on February 10, 2025, and published for comment on February 20, 2025; the SEC initiated proceedings on May 20, 2025.
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