SEC Delays Decision on Bitwise and Coinshares XRP ETF Alongside Grayscale and Canary XRP Trust

SEC delays decision on Bitwise and Coinshares XRP ETF.

It also delays its decision on the Grayscale and Canary XRP trust.

The new deadline has been set for October 2025.

The SEC delays decision on Bitwise and Coinshares XRP ETF alongside Grayscale and Canary XRP Trust. The new deadline for these approvals is now set for October 2025. Reactions for the crypto community are quite calm, as no one sees the delay as a sign of rejection, but rather of leverage. While some may view this as continued targeting of XRP, others see it as a common move.

SEC Delays Decision on Bitwise and Coinshares XRP ETF

The regulatory entity of the US announced a delay on its decision for Bitcoin and Coinshares XRP ETF, as well as for Grayscale and Canary XRP Trust. Its decision will now be announced in October 2025. This new deadline was thought to have invoked a negative reaction from the crypto community, after all, the SEC went after Ripple and XRP for 7 years, heavily hindering its price growth.

However, the crypto community doesn’t seem to be fazed at all; instead, one response highlights how delays aren’t denials, but rather leverage. In fact, one response to the post reminds the community how the SEC drags timelines to keep optionality while liquidity builds in the background. By October 2025, the bigger story may be how much capital has already been positioned ahead of approval.

Similarly, another response says that this move was definitely expected, especially when considering how all the rest of the SEC’s ETF approvals have been so far. This individual believes that the SEC will likely be mass approving these requests in a few months. Although he does share his confusion over why the SEC would be accumulating for the government before an approval, as it is usually an approval that leads to larger gains.

By making this statement, the individual answers his own question. Perhaps a delay is the golden opportunity for institutions, whales, and other entities to gather more of the asset before the approval could lead to a skyrocketing price pump. After all, Ripple’s XRP is one of the most bullish altcoins, expected to hit incredibly high bullish ATH targets in the coming altseason peak phase

September Expected to be Bearish Red Month

Another possible reason behind the delay to October could be the rising prediction over the last few days, confirming that September would be a higher bearish red month. This would mean an approval and its pump coming in October would be ideal after the expected correctional dip in September, as the analyst in the above post explains. This correction is set to lead the crypto market towards new ATH prices after September.