Earlier this Tuesday, the US Securities and Exchange Committee delay Its decision on the application of the Cryptocurrency Grayscale Asset Director to convert XRP confidence to ETF.
SEC stated that she finds it “appropriate” to extend the period in which the action will be decided by changing the proposed base.
The price of XRP decreased by 1.2 % on the news after it rose to the highest level during the day at $ 2.2 on the news.
SEC also postponed a decision on ETF DOGECOIN from Grayscale and Litecoin Etf from Canary Capital earlier today.
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GrayScale, the leading director of the pioneering encryption assets, was originally presented to convert XRP confidence to ETF in late January. Then the proposal was recognized by the Supreme Education Council in mid -February. It is worth noting that this was the first XRP ETF file that received a recognition from the organizer.
SEC is now expected to offer 45 -day identical accessories for the rest of XRP suggestions such as 21shares and Canary Capital.
As said U.today, Behymoth Frahamin Templeton also joined the XRP ETF race earlier today. Blackrock and FIDELITY, the largest players in the Cryptocurrency ETF sector, have not yet made similar ETF suggestions yet. Blackrock previously rejected the idea of launching these products for any alternative encrypted currencies that exceed ETHEREM (ETHEM).
XRP ETF approval is not affected by the last deposit, which is currently 75 %, according to Polymarket beta.
