SEC Delays 21Shares’ XRP ETF Application

The SEC delayed 21Shares’ filing for an XRP ETF despite high optimism from recent regulatory developments. On top of this first setback, the Commission also delayed at least three other altcoin ETF applications. Nonetheless, ETF analysts are confident that the SEC will eventually approve these products. Government institutions operate on a slow timeline, and the Commission will generally delay whenever it can feasibly do so source: https://beincrypto.com/sec-delays-21shares-xrp-etf-application/