The U.S. Securities and Exchange Commission has delayed its decision on the application to list and trade shares of the Grayscale XRP Trust as a spot XRP exchange-traded fund. The application was initially submitted by NYSE Arca on January 30, 2025, with an amendment filed on February 10 . Following these submissions, the amended proposal was published in the Federal Register on February 20, which marked the beginning of the SEC’s review process. On March 11, the Commission extended the review period, and by May 20, it issued an Order Instituting Proceedings to allow for further analysis and additional public comments. This order did not signal approval or rejection; it reflects the need for a deeper examination of whether the exchange’s proposal aligns with the requirements of the Securities Exchange Act, including provisions designed to prevent fraud, manipulation, and to protect investors. SEC’s Reason for Delay Under the Securities Exchange Act, the SEC is required to decide within 180 days after publishing a proposed rule change. However, it can extend it by an additional 60 days if more time is deemed necessary. In its most recent notice on August 18, 2025, the Commission announced that it was exercising this option, extending the deadline for action to October 18, 2025. The agency explained that this extension was appropriate to provide more time for thorough consideration of the filing and the issues raised in the record. This decision aligns with the Commission’s approach to similar digital asset ETF applications, where delays are common as part of the standard review process. By pushing the deadline forward, the SEC has given itself until mid-October to issue a final approval or disapproval of the Grayscale proposal. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Outlook for October The delay does not alter the substance of the application but indicates that the SEC will use the full timeframe allowed under law before making its decision. Between now and the new deadline, the Commission will continue reviewing whether the safeguards and structures proposed by NYSE Arca and Grayscale adequately address investor protection standards and market integrity requirements. As of now, the Grayscale spot XRP ETF remains pending and has not received approval. Trading on NYSE Arca cannot proceed unless the Commission issues a favorable order. The October 18, 2025, deadline represents the final statutory date for action, meaning the SEC must either approve or reject the proposal at that time. Until then, the application remains under review, with the outcome depending on the Commission’s assessment of the full record. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post SEC Delays Decision on Grayscale Spot XRP ETF. Here’s New Timeline appeared first on Times Tabloid .