The US SEC not too long ago permitted a brand new set of generic itemizing requirements in September 2025 for commodity-based exchange-traded merchandise, together with these tied to digital property.
Many within the trade now consider that this regulatory transfer may hasten the itemizing of spot ETFs for altcoins reminiscent of XRP, presumably as early as October. Because it stands, all fingers level to Spot XRP ETFs hitting the trade on the finish of October.
New SEC Tips To Pace Up Spot XRP ETF Approval
The prospect of Spot XRP ETFs launching in October could be very promising. Nevertheless, this anticipation now faces uncertainty as a result of a US federal authorities shutdown that has paralyzed a lot of the SEC’s routine operations.
Simply weeks earlier than the shutdown, the SEC launched a brand new set of generic itemizing requirements for commodity-based exchange-traded merchandise. Underneath the outdated framework, every new ETF required a case-by-case evaluate underneath Part 19(b), alongside an S-1 submitting, typically leading to months of regulatory delay. This delay could be seen amongst Spot XRP ETF functions, lots of which have been filed between January and March 2025 however are nonetheless ready for approval.
The brand new guidelines, nevertheless, permit exchanges reminiscent of Nasdaq, NYSE Arca, and Cboe to listing qualifying ETFs robotically in the event that they meet predefined requirements. This modification prompted the SEC to ask a number of issuers, together with these behind XRP, Solana, and Cardano ETFs, to withdraw and refile their earlier functions underneath the brand new system.
Kenny Nguyen, a well known crypto commentator, shared his view on X, noting that each one eleven XRP ETF filings have already crossed their generic itemizing requirements deadlines from their utility date and are prepared for simultaneous approval. ETF evaluations could be accomplished in as little as 75 days underneath the brand new framework, that means the filings have already surpassed that window. Nevertheless, the SEC’s new generic itemizing requirements formally took impact on October 1, the exact same day the US authorities slipped right into a partial shutdown.
Talking of shutdowns, the US authorities entered a partial shutdown on October 1 after lawmakers didn’t move a brand new spending invoice, which has left many federal businesses with out working funds. The SEC, which oversees ETF approvals, is among the many businesses most affected.
This shutdown has paused the evaluate and approval course of for all pending spot ETF functions, together with these tied to the altcoin. Monetary legislation agency McGuireWoods famous that filings can nonetheless be made, however most evaluations, responses, and actions are suspended.
The Funds To Launch As soon as The Authorities Reopens
The timing of Spot XRP ETFs now will depend on the US Congress ending the continuing shutdown. Due to this fact, the crypto market may witness a fast wave of ETF approvals unexpectedly as soon as the SEC is again on-line.
The SEC’s generic itemizing requirements imply all that’s required is an S-1 registration (disclosure of fund construction, dangers, and many others.). As such, Spot XRP ETFs may hit the market in October, since their deadlines underneath the brand new guidelines have been prolonged. Even utilizing the outdated timeline, all present XRP ETF functions would surpass the 120-day deadline between October 18 and 25.
Featured picture from Adobe Inventory, chart from Tradingview.com
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