Issuers affected include CoinShares, 21Shares, Canary Capital, and Grayscale.
Analysts at Bloomberg estimate a 95% chance of XRP ETF approval.
The US Securities and Exchange Commission has extended its
review period for several proposed XRP exchange-traded funds. Notices filed on Monday
(yesterday) set new deadlines between October 18 and October 23.
As of writing, XRPUSD is trading near $3, a key
psychological level. Traders are closely monitoring price action to gauge the
next move.
Applications Under Review
The applications include proposals from CoinShares,
21Shares, Canary Capital, and Grayscale. CoinShares filed in February seeking a
Nasdaq listing. Around the same time, 21Shares submitted its Core XRP Trust to
the Cboe BZX Exchange. The SEC had already postponed these applications in May,
saying it required more time for assessment.
Part of a Broader Pattern
The delay follows a broader pattern of extensions for
digital asset funds. Similar postponements were recently made for Solana and
Litecoin ETF applications, with no decision expected before late October.
Mixed Market Reactions
Community response has varied. Some traders voiced
frustration at the repeated delays. Others described the extensions as part of
the normal review process. On social media, one trader suggested the timing was
intended to suppress XRP’s price ahead of a possible approval. These claims
have not been verified.
XRP traded at $3.06 on Monday, a 1.33% decline from the
prior session. Some traders said they intended to increase holdings during the
dip, expecting higher valuations if ETFs are launched.
Speculation that BlackRock might enter the XRP ETF market
has been denied. The firm stated it has no current plans to submit an
application.
Analysts maintain a more structured view. Bloomberg ETF
specialists James Seyffart and Eric Balchunas estimate a 95% chance of
approval. They pointed to the conclusion of the SEC’s case against Ripple as a
key factor.
Data from prediction market Polymarket also indicated optimism,
with odds of approval before year-end at 77%, up six percentage points after
the SEC’s latest filing.
The US Securities and Exchange Commission has extended its
review period for several proposed XRP exchange-traded funds. Notices filed on Monday
(yesterday) set new deadlines between October 18 and October 23.
As of writing, XRPUSD is trading near $3, a key
psychological level. Traders are closely monitoring price action to gauge the
next move.
Applications Under Review
The applications include proposals from CoinShares,
21Shares, Canary Capital, and Grayscale. CoinShares filed in February seeking a
Nasdaq listing. Around the same time, 21Shares submitted its Core XRP Trust to
the Cboe BZX Exchange. The SEC had already postponed these applications in May,
saying it required more time for assessment.
Part of a Broader Pattern
The delay follows a broader pattern of extensions for
digital asset funds. Similar postponements were recently made for Solana and
Litecoin ETF applications, with no decision expected before late October.
Mixed Market Reactions
Community response has varied. Some traders voiced
frustration at the repeated delays. Others described the extensions as part of
the normal review process. On social media, one trader suggested the timing was
intended to suppress XRP’s price ahead of a possible approval. These claims
have not been verified.
XRP traded at $3.06 on Monday, a 1.33% decline from the
prior session. Some traders said they intended to increase holdings during the
dip, expecting higher valuations if ETFs are launched.
Speculation that BlackRock might enter the XRP ETF market
has been denied. The firm stated it has no current plans to submit an
application.
Analysts maintain a more structured view. Bloomberg ETF
specialists James Seyffart and Eric Balchunas estimate a 95% chance of
approval. They pointed to the conclusion of the SEC’s case against Ripple as a
key factor.
Data from prediction market Polymarket also indicated optimism,
with odds of approval before year-end at 77%, up six percentage points after
the SEC’s latest filing.
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
