Behold, dear reader, the tragic tale of the XRP ETFs, whose hopeful hearts have been dashed by the cruel hand of the U.S. government shutdown! 🧊💸 The once-anticipated approval deadlines, set for October, now lie in the icy grip of uncertainty, as the SEC, that most fickle of guardians, has paused its grand deliberations. A veritable storm of bureaucracy has swept through the land, leaving investors to ponder their fate like a melancholic poet under a weeping sky. 🌧️
XRP ETFs Pushed to Late 2025
“Even after the government resumes its duties,” quoth a crypto sage, “the SEC shall require four weeks to process these applications-like a weary traveler needing rest after a long journey.” 🕒 The Commission, burdened by its backlogs and legal labyrinth, must now navigate the treacherous waters of reviews and sign-offs. One might say the ETFs are as delayed as a Russian novel’s climax-always just around the corner, yet forever elusive. 📚
“And even after the government resumes,” the sage continued, “it might take another four weeks to get to it. ETF likely approval is now late Nov to end of Dec.” 🧮 A timeline as certain as the rising of the sun… or the fall of a cryptocurrency. ☀️
Some analysts, ever the optimists, believe the SEC’s updated framework may hasten the process. With the removal of the 19b-4 requirement, the agency now focuses solely on the S-1 filing-a streamlined path, though still fraught with peril. 🚀
Major Firms Await SEC Decision
Grayscale, 21Shares, Bitwise, and others, like faithful knights, await the SEC’s decree. Their deadlines, once set between October 18 and 25, now drift like leaves in the wind. 🍂 Meanwhile, Litecoin, Solana, and Cardano ETFs face similar fates, their hopes as fragile as a glass of champagne. 🥂
According to Polymarket, the probability of XRP ETF approval by 2025 has soared to 99%-a number as tantalizing as a siren’s song. 🎯
Expert Reactions
Industry experts, who once envisioned October as a month of triumph, now find themselves in a state of despair. Nate Geraci, President of The ETF Store, declared the delay inevitable, while Bloomberg’s Eric Balchunas likened the situation to a “rain delay”-a temporary pause, not a cancellation. 🌧️ Yet, one cannot help but wonder: is this delay a mere setback, or the beginning of a longer, darker tale? 🧐
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2025-10-21 09:47