The US SEC lately accredited a brand new set of generic itemizing requirements in September 2025 for commodity-based exchange-traded merchandise, together with these tied to digital belongings.
Many within the business now consider that this regulatory transfer might hasten the itemizing of spot ETFs for altcoins akin to XRP, probably as early as October. Because it stands, all fingers level to Spot XRP ETFs hitting the business on the finish of October.
New SEC Pointers To Velocity Up Spot XRP ETF Approval
The prospect of Spot XRP ETFs launching in October may be very promising. Nonetheless, this anticipation now faces uncertainty as a consequence 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. Below the outdated framework, every new ETF required a case-by-case evaluate beneath Part 19(b), alongside an S-1 submitting, typically leading to months of regulatory delay. This delay may be seen amongst Spot XRP ETF purposes, lots of which have been filed between January and March 2025 however are nonetheless ready for approval.
The brand new guidelines, nonetheless, enable exchanges akin to Nasdaq, NYSE Arca, and Cboe to record qualifying ETFs robotically in the event that they meet predefined requirements. This alteration prompted the SEC to ask a number of issuers, together with these behind XRP, Solana, and Cardano ETFs, to withdraw and refile their earlier purposes beneath the brand new system.
Kenny Nguyen, a widely known crypto commentator, shared his view on X, noting that every one eleven XRP ETF filings have already crossed their generic itemizing requirements deadlines from their utility date and are prepared for simultaneous approval. ETF critiques may be accomplished in as little as 75 days beneath the brand new framework, that means the filings have already surpassed that window. Nonetheless, 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 go a brand new spending invoice, which has left many federal companies with out working funds. The SEC, which oversees ETF approvals, is among the many companies most affected.
This shutdown has paused the evaluate and approval course of for all pending spot ETF purposes, together with these tied to the altcoin. Monetary regulation agency McGuireWoods famous that filings can nonetheless be made, however most critiques, 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 continued shutdown. Due to this fact, the crypto market might 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 so on.). As such, Spot XRP ETFs might hit the market in October, since their deadlines beneath the brand new guidelines have been prolonged. Even utilizing the outdated timeline, all present XRP ETF purposes would surpass the 120-day deadline between October 18 and 25.
Featured picture from Adobe Inventory, chart from Tradingview.com
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