Hopes for swift approval of XRP ETPs and other crypto ETFs have been dashed once again. According to Bloomberg analyst James Seyffart, the U.S. Securities and Exchange Commission (SEC) is expected to delay its decision on these funds until this summer—or even the fourth quarter of 2025. This continued hesitation frustrates investors eager for regulatory clarity and institutional access to crypto through official financial products.
SEC remains cautious on crypto ETF approvals
Seyffart noted on X (formerly Twitter) that several XRP ETP applications are approaching imminent deadlines. However, the SEC is unlikely to issue any approvals in the short term. Despite the success of Bitcoin and Ethereum ETFs launched last year, the regulator remains wary due to concerns about market manipulation and lack of oversight in the crypto sector.
Spot crypto ETFs, including those tied to XRP, allow investors to gain exposure to digital assets without having to hold them directly. This makes them a vital bridge between the traditional financial system and the crypto world. Yet widespread adoption remains on hold.
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Industry leaders had hoped that the momentum from recent Bitcoin ETF approvals would lead to quicker green lights for XRP ETPs and similar products. The ongoing delays, however, undermine confidence in crypto’s smooth integration into mainstream finance.
Despite the setback, analysts still expect eventual approval. Historically, the SEC has taken a cautious approach to ETFs before ultimately giving the go-ahead. For now, though, it seems the summer of 2025 won’t mark the breakthrough moment for XRP ETPs and other crypto ETFs.
