The U.S. Securities and Exchange Commission has delayed its decision on Grayscale's application to convert its XRP trust into an ETF. This news caused the price of XRP to dip by 1.2% after spiking to an intraday high. The SEC has also postponed decisions on Grayscale's Dogecoin ETF and Canary Capital's Litecoin ETF. Grayscale, as the leading crypto asset manager, initially filed for the conversion in January and received acknowledgement from the regulator in February. Franklin Templeton has also entered the XRP ETF race.



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