tldr; XRP’s market capitalization has dropped by over $16 billion in a week, coinciding with the SEC’s decision to delay its ruling on 21Shares‘ proposed spot XRP ETF. The SEC extended the review period to ensure compliance with anti-fraud and market manipulation safeguards. XRP’s price fell nearly 10% during this period. Analysts expect spot crypto ETF approvals no earlier than late 2025. The delay also comes amid ongoing litigation between Ripple and the SEC, adding to investor uncertainty.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
partymsl on
It was pretty obvious that there won’t be a spot ETF this quickly.
Due-Inspection-5660 on
calling a reduction in market cap of $16bn an „outflow“ is very misleading and regarded.
scoobysi on
Oh no,
anyway
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tldr; XRP’s market capitalization has dropped by over $16 billion in a week, coinciding with the SEC’s decision to delay its ruling on 21Shares‘ proposed spot XRP ETF. The SEC extended the review period to ensure compliance with anti-fraud and market manipulation safeguards. XRP’s price fell nearly 10% during this period. Analysts expect spot crypto ETF approvals no earlier than late 2025. The delay also comes amid ongoing litigation between Ripple and the SEC, adding to investor uncertainty.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
It was pretty obvious that there won’t be a spot ETF this quickly.
calling a reduction in market cap of $16bn an „outflow“ is very misleading and regarded.
Oh no,
anyway