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The United States Securities and Exchange Commission (SEC) has once again postponed its decision regarding the spot XRP ETF application submitted by 21Shares. However, this delay is not causing panic in the markets. Instead, such postponements are considered part of the SEC’s standard procedures. The process for the spot XRP ETF continues, requiring only a bit more time.
SEC’s Consistent Procedural Approach
The SEC’s delay in deciding on 21Shares’ XRP ETF application is now seen as a customary practice within the sector. The U.S. regulatory body undergoes a lengthy process of analyzing market structures, gathering public opinions, and assessing potential risks before approving a new ETF. This procedure can last up to 240 days, with a similar process observed for Bitcoin 
$105,623 and Ethereum 
$2,423 ETFs in the past.
Up to now, the SEC has not approved spot ETFs for any altcoins. Popular altcoins like Solana 
$146 and XRP remain outside this approval list. Rather than being a negative signal, this delay indicates that the regulator continues to approach the process cautiously. Meanwhile, approvals following such delays build greater confidence among investors over time.
Rising Optimism with Institutional Interest
Aside from 21Shares, major institutions like Franklin Templeton and Bitwise have also faced similar postponements for their XRP ETF applications this year. However, the repeated delays and eventual approvals of Bitcoin and Ethereum ETFs in the past serve as hopeful examples for investors. According to Bloomberg analyst James Seyffart, the SEC is expected to make a decision on the XRP ETF in the second half of the year. The most likely scenario is approval between September and December.
On the other hand, institutional confidence in XRP is also increasing. The trading of regulated XRP futures contracts, which began this week, clearly demonstrates major investors’ interest in the altcoin. Additionally, platforms like Polymarket are pricing the probability of an XRP ETF approval at 83%, reflecting the high expectations within the market.
The latest postponement decision by the SEC caused a slight fluctuation in the XRP price. Following the news, the altcoin declined by approximately 2% to $2.35. However, according to analysts, such temporary declines have limited impact compared to long-term developments like the ETF process.
