SEC Pushes Back Bitwise XRP ETF Approval Decision
Published Date: 8/21/2025
Notice
Summary
The SEC is taking more time to decide if the Bitwise XRP ETF can be listed and traded on the Cboe BZX Exchange. This affects investors interested in trading this new crypto-based fund and could impact when it becomes available. The extra review means the decision will come later than originally planned, so stay tuned!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
SEC Delays Bitwise XRP ETF Decision
The SEC extended its review of the proposed Bitwise XRP ETF listing on the Cboe BZX Exchange by 60 days. The review deadline moved from August 23, 2025 to October 22, 2025, so a decision about whether the ETF can be listed and traded will come by October 22, 2025.
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Previous / Next Documents
Previous: 2025-15940 — Self-Regulatory Organizations; Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the CoinShares XRP ETF Under Nasdaq Rule 5711(d) (Commodity Based Trust Shares)
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.
Next: 2025-15942 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the 21Shares Core XRP Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
The SEC is taking more time to decide if the Cboe BZX Exchange can list and trade shares of the 21Shares Core XRP Trust, a new crypto-based investment. This affects investors interested in XRP-related products and could impact when these shares become available to trade. The decision delay means no trading yet, but the SEC is carefully reviewing the proposal to keep things safe and fair.