CoinShares XRP ETF on SEC's Slow Burn: Wait Till May 2025
Published Date: 3/17/2025
Notice
Summary
The SEC is taking more time to decide if the Nasdaq can list and trade shares of the CoinShares XRP ETF, a new crypto-related fund. This delay means investors and the market will wait until May 26, 2025, for a final yes or no. The extra review helps make sure everything’s safe and sound before the fund hits the trading floor.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
SEC Delays XRP ETF Decision
The SEC extended the review of Nasdaq’s proposal to list and trade the CoinShares XRP ETF and set May 26, 2025 as the date by which it will approve, disapprove, or institute proceedings. The Commission said it needs more time to consider the proposed rule change and the issues raised.
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