New XRP ETF Deadlines Revealed

4 2 minutes read

The ongoing U.S. government shutdown has caused a delay in the approval process for the highly anticipated XRP exchange-traded funds (ETFs). Originally scheduled for approval deadlines in October, the Securities and Exchange Commission (SEC) has put a pause on all related actions until the government reopens.

According to a crypto expert, even after the government resumes, the SEC will need approximately four weeks to process ETF applications. This includes clearing backlogs, conducting legal reviews, and obtaining final approvals before any ETFs can move forward. The expert mentioned on Twitter that the approval for XRP ETFs is now expected to be pushed to late November to the end of December.

Despite the delay, some analysts believe that the review process for crypto ETFs, including XRP, could move faster under the SEC’s updated framework. With the removal of the 19b-4 requirement and the introduction of a new generic listing standard, the approval timeline may be shortened by focusing solely on the S-1 filing process.

Several major asset managers, such as Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, and CoinShares, are eagerly awaiting SEC approval for their XRP ETF applications. Deadlines that were initially set for October have now been postponed due to the government shutdown. Similar setbacks are being faced by ETF proposals for Litecoin, Solana, and Cardano.

Data from Polymarket indicates that the probability of XRP ETF approval by the end of 2025 has surged to 99%, reflecting a high level of confidence in the eventual approval.

Industry experts had anticipated October to be a crucial month for crypto ETF approvals, but the government shutdown announcement changed the sentiment. Nate Geraci, President of The ETF Store, suggested that the delay was unavoidable. Bloomberg’s senior ETF analyst, Eric Balchunas, likened the situation to a “rain delay,” indicating that it is a temporary pause rather than a cancellation.

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