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.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
Inside the Prediction Markets: $1.6B Institutional Inflow Meets a Federal Crackdown
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Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
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Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
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We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
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In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
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In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
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Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
