XRP ETF Postponed as SEC Holds Off on Altcoin Proposals, XRP Stabilizes Near $3.00

SEC Decision Delay: The U.S. Securities and Exchange Commission (SEC) has postponed its decision on several XRP ETF applications, extending the review period by 60 days, with new deadlines set between October 18 and 23.

Impact on Other Altcoins: The delays also affect other altcoin ETFs, including those for Solana and Litecoin, contributing to a broader trend of postponements in the approval process for various cryptocurrency ETFs.

Positive Industry Sentiment: Despite the delays, analysts remain optimistic about the potential approval of XRP ETFs, estimating a 95% chance of success due to recent regulatory clarity following the Ripple-SEC dispute.

BlackRock's Position: BlackRock has denied rumors of entering the XRP ETF race, maintaining that it has no current plans to file an application, while market sentiment remains bullish regarding the overall outlook for XRP ETF approvals.