The US Securities and Exchange Committee (SEC) has postponed its final decision regarding the local exchange fund (ETF) proposed by 21shares.
It was reported that the process of applying the base change of the “Shares Core XRP TRUST”, which is scheduled to be included on the CBOE BZX.
In the official document published by the Supreme Education Council on May 20, 2025, it was said that the process of assessing the Fund’s proposal called “21shares Core XRP TRUST” to be included and circulated as “a commodity investment fund” under the base 14.11 (E) (4) (4). The first application was submitted on February 6, and the proposals were re -submitted on February 12.
The delay was expected and said:
“The delay in the Investment Funds is expected to be in Spot Crypto. There are many XRP ETP applications in the coming days. Even if we see early approval from the Supreme Education Council, that will be in late June or early July as soon as possible.
*This is not an investment advice.