The SEC has announced its decision to extend the review period for several crypto ETFs. This includes staking proposals for the Ethereum ETFs, as well as XRP and Dogecoin ETFs, with the commission pushing its decision to the final deadline for these funds.
SEC Delays Decision On Ethereum, XRP, and Dogecoin ETFs
In an SEC release, the commission revealed that it is extending the review period for the proposed rule change to permit staking in BlackRock’s Ethereum ETF. The agency stated that it finds it appropriate to designate a longer period within which it will take action on the proposed rule change. That way, it has sufficient time to consider the proposal and the issues in it.
With the extension, the SEC now has until the final deadline on October 30 to approve or disapprove the proposed rule change. The commission also made a similar decision on the proposed rule change to permit staking in Fidelity and Franklin Templeton’s Ethereum ETFs. The final deadline for the SEC to approve or disapprove the proposed rule changes for both funds is on November 13.
There are also similar applications from other Ethereum ETF issuers, such as Grayscale and 21Shares, to permit staking for their respective funds. The final deadline for 21Shares and Grayscale’s proposed rule change is October 23 and 29, respectively. Based on this, there is the possibility that the SEC could approve staking for the ETH ETFs as early as October 23. This will be similar to how the commission approved all funds to launch at the same time last year.
Meanwhile, the SEC is expected to approve these funds, considering that it already clarified that staking activities aren’t securities. Staking for these funds will enable investors to earn yields while also gaining spot exposure to Ethereum.
SEC Also Delays Decision On XRP And Dogecoin ETFs
The SEC has also delayed its decision on Franklin Templeton’s XRP ETF and Bitwise’s Dogecoin ETF. Similar to the Ethereum ETFs decision, the commission said that it needed more time to review the proposed rule change and the issues therein. It will now have until the final deadline on November 14 to approve or disapprove the proposed rule change to list and trade shares of this fund.
It is worth noting that the SEC had already delayed the other XRP ETF applications to the final deadline. Grayscale, Bitwise, 21Shares, CoinShares, Canary Capital, WisdomTree, and Franklin Templeton have all filed for an XRP fund under the 33 Act. The first final deadline is Grayscale’s, which comes up on October 18.
Meanwhile, the SEC delayed its decision on the proposed rule change for Bitwise’s Dogecoin ETF till the final deadline, which comes up on November 12. Grayscale has also filed for a DOGE ETF, with its final deadline coming up on October 18.
Featured image from iStock, chart from Tradingview.com
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The XRP price is crashing following reports that the United States (US) Securities and Exchange Commission (SEC) has temporarily denied applications for XRP ETFs. The postponed rulings continue to add to investor uncertainty, with the regulator setting the next key dates for October 2025.
US SEC Delays XRP ETF Decision Timelines
The US SEC has once again put a pause on decisions surrounding all 5 pending Spot XRP ETFs. According to statements published on the regulator’s official website, the commission has extended its review period for XRP ETF filings from CoinShares, Bitwise, Grayscale, 21Shares, and Canary.
The earliest revised deadline falls on October 18, 2025, for NYSE’s Arca’s Grayscale XRP Trust. Section 19 (b)(2) of the Securities Act of 1934 sets a 180-day statutory review period. Since Grayscale filed its Federal Register notice on February 20, the initial deadline would have been on August 19. However, the Commission exercised its authority to extend the decision window by an additional 60 days for a more thorough evaluation.
Furthermore, the SEC is slated to make a decision regarding Cboe BZX’s 21Shares Core XRP Trust on October 19. The original 180-day review from the February 21 notice would have ended on August 20. CoinShares’ filing has also been pushed back. Nasdaq had filed the proposal on February 7, 2025, seeking approval to list and trade shares of the CoinShares XRP ETF.
For this ETF, the previous 180-day window would have concluded on August 24, 2025. However, the Commission determined that additional time was necessary to fully assess the proposal. As a result, the regulatory agency designated October 23, 2025, as the new date by which it will either approve or disapprove the XRP ETF filing.
Other XRP ETF proposals facing delays include Bitwise’s filing at Cboe BZX, now scheduled for October 20. Meanwhile, Cboe BZX’s Canary’s XRP Trust Share review deadline is set for October 24, closely aligning with CoinShares’ application.
XRP Price Crashes Amid ETF Delays
Following the SEC’s decision to delay XRP ETF approvals, the XRP price experienced a sharp decline, reflecting mounting market uncertainty. CoinMarketCap’s data shows that XRP‘s value has fallen to $2.89, at the time of writing, marking a 3.82% drop within 24 hours and a 10.84% decline over the past week.
Crypto analyst Ripple Van Winkle shared insights on the XRP price crash in a recent X social media post. He emphasized that XRP is now trading below the psychological $3 support level, plunging 5.4% in under a day and recording its largest single-day loss since July. Additionally, he noted that while retail traders panicked and sold, institutional investors seized the opportunity to accumulate, purchasing $3.8 billion worth of XRP.
Currently, technical indicators point to a symmetrical triangle formation, suggesting that XRP’s next significant move hinges on whether it can surpass the $3.26 breakout zone to reach $3.9. According to the market expert, failing to break past this zone could drive the cryptocurrency below $2.96. Key resistance levels remain between $3.08 and $3.14, and unless bulls reclaim this resistance range, sellers are likely to stay in control.
Featured image from Getty Images, chart from Tradingview.com
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The XRP price is once again drawing the attention of analysts, with bold predictions suggesting a potential surge to $6.5. With momentum indicators flashing bullish signals and a key date highlighted, XRP could soon see a 200% rise from current levels to a new all-time high.
A new technical analysis from ‘Cryptarch_,’ a pseudonymous market expert on TradingView, suggests that XRP is on the verge of a major price breakout to $6.5. The analyst marked an ideal entry point at $2.10, paired with a tight stop-loss at $2.00. This strategy reflects strong conviction in XRP’s bullish setup while managing downside risks.
XRP Price Sets Sights On $6.5 ATH
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In his price chart, Cryptarch_ outlined a multi-stage move, where XRP is expected to rally upwards while bouncing across multiple resistance zones shown by the horizontal purple lines. The $2.49, $3.00, and $3.39 levels have been marked as the major resistance zones.
Following the projected path highlighted by the yellow arrow on the chart, XRP is expected to first break out of the Descending Triangle before making a move toward the critical resistance zone at $3. This level holds significance, as it was the site for a major price pump on March 2, 2025 — a historical move that couldn’t serve as a strong indicator for future price action.
Cryptarch_ surmised that the XRP price will likely struggle at the $3 resistance. After that, it is expected to bounce and move higher, possibly retesting current all-time highs.
The goal of this bullish setup is to make $3 a strong support level. From there, XRP is projected to surge toward $6.5, with a potential upper price target of $6.82. While a higher surge would bring in better gains, the TradingView analyst suggests exiting the market at $6.5 to lock in profits safely before a major resistance zone is reached.
Key Date To Watch Out For
A key element in Cryptarch_’s bullish forecast for the XRP price is timing. According to his chart, Saturday, May 10, 2025, stands out as a critical date to watch.
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He marks this day as a potential inflection point, where XRP could either break above the $3 resistance zone with strong momentum or face a temporary rejection, triggering a potential pullback to $1.61.
Interestingly, the Bitcoin price action also plays a major role in XRP’s future price outlook. Cryptarch_ disclosed that a breakout above $89,000 in BTC could serve as a catalyst, igniting a rally across altcoins, including XRP. It’s worth noting that Bitcoin has already cleared this critical level and is trading at $91,872 at the time of writing.
Featured image from Adobe Stock, chart from Tradingview.com
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The US SEC has requested an extension of its decision to approve or reject spot Bitcoin and Ethereum ETFs. Presently, candidates for both ETFs are on standby as they await a final decision in 2024.
SEC Extends ETF Review To 2024
The United States Securities and Exchange Commission (SEC) has delayed its approval for Spot Bitcoin and Ethereum Futures ETF applications. The regulator filed for an extension on November 15 stating that it needed more time to properly review the issues of the application and its decision regarding ETFs.
“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and issues raised therein,” the SEC stated in the filing.
Presently, the SEC has announced a postponement of Grayscale’s Ethereum Futures ETF application which the asset management company submitted earlier in September. The regulatory commission has also delayed HashDex’s application to convert its Bitcoin Futures ETF into a spot fund.
Despite the growing demand and positive sentiment surrounding Bitcoin and Ethereum ETFs potentially entering the crypto market, the SEC has insisted on impeding the growth of ETFs by delaying approvals. The regulator rejected the introduction of ETFs, citing risks such as market manipulation, fraud, and investor risks.
A Senior Analyst at Bloomberg, James Seyffart has stated probabilities of more delays on BTC and Ether ETFs by the US SEC. Seyffart has affirmed that the delays would not have any impact on his views that a 19b-4 approval on Spot Bitcoin ETFs would be processed by January 10, 2024.
“We’re nearing the deadline dates for 3 spot Bitcoin ETF applications. I want to get ahead of it because there’s a pretty good chance we’ll see delayed orders from the SEC. Delays WOULD NOT change anything about our views & 90% odds for 19b-4 approval by Jan 10, 2024,” Seyffart stated.
The next deadline dates for the Hashdex and Franklin Spot Bitcoin applications are January 1, 2024. In total, 10 out of the 12 pending Spot BTC ETF applications have their deadlines set for January 2024. But the SEC can still postpone them as far as March 2024. By May 2024, the regulator will have made decisions on all the Spot BTC ETF filings.
Source: James Seyffart on X
Bitcoin Defies SEC Delays, Surges Above 37K
Despite the news of the US SEC delaying Spot Bitcoin ETFs, the price of BTC has been rising steadily. According to TradingView, the price of BTC has surged above 37,000 and has shown weekly gains of 4.35%. BTC is presently trading at $37,112.68 and its market cap for the day is up by 2.25%, as seen in CoinMarketCap.
The cryptocurrency continues to display bullish signals, showing its resilience and potential for the upcoming bull run. This unexpected price increase has reinstated optimism among BTC investors and the broader crypto community as they closely watch out for more updates on the US SEC’s decision on Spot Bitcoin ETFs.
BTC price descends below $37,000 | Source: BTCUSD on Tradingview.com
Featured image from ETF Trends, chart from Tradingview.com
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One of the significant discussions surrounding the Ethereum Merge launch is the hard fork of the Proof-of-Work. The set a date for the Merge is just a few days away from now, and expectations are getting high for the Ethereum community. The network will finally transit to a Proof-of-Stake consensus mechanism after the upgrade.
The Merge will join the ETH mainnet and the Beacon Chain to become a single network. The Beacon Chain is already operating as a PoS network. It is the engine power for the Ethereum 2.0 network developed with the staking smart contract. Hence, transaction validations on Beacon Chain have been through staking.
But the Ethereum mainnet is still functioning as a PoW network. With the Merge launch in September 2022, the network will complete its upgrade and become a PoS blockchain. This will stop the miners from operating as validators on the networks.
Miners Ready For PoW Fork After Ethereum Merge
A group of Ethereum miners has been demanding an ETH PoW fork after the Merge. With many discussions and plans in place, the community may witness a hard fork once the transition to the PoS is completed.
From a Twitter thread post on EthereumPoW’s account, the hard for will commence after 24 hours of the Merge. The post gave no specific time for the fork. But it stated that it would disclose that when it’s just one hour to the Merge.
According to the post, a countdown timer will indicate the final steps, such as binaries, node info, explorer, config files, RPC, and others.
Possible Support For Forked Tokens
As the plans for the forked Ethereum tokens progress, there have been different reactions. The value of the forked token is usually lower than the normal Ether. So, the possibility of getting any economic deal from the forked tokens depends on having support in the crypto industry. Hence, some nodes must continue to run on the old PoW after the Merge.
Many crypto exchanges have declined to offer any support for forked tokens after the Merge. However, some platforms, such as Chainlink and OpenSea, indicated that their support is entirely for the Ethereum PoS.
Some crypto exchanges have already pledged their support for the forked tokens. Some of them are BitMEX, Poloneix, and others. It plans on crediting users with tokens from the minority fork for the leading global exchange. But it will use a 1:1 ratio and keep the ETH ticker for the new PoS chain.
BitMEX reportedly agreed that it could provide leverage trading for the forked ETH once the Merge completes.
On its part, Poloniex stated that it would be the first to offer its support to the forked tokens from the EthereumPoW. Furthermore, the exchange promised to list ETHS and ETHW, the possible forked tokens.