Recent changes by the U.S. Securities and Exchange Commission (SEC) may significantly expedite the approval process for XRP-based exchange-traded funds (ETFs).
A Step Forward for XRP ETFs
Crypto lawyer Bill Morgan and analysts from Bloomberg believe that the SEC’s updates might improve the outlook for XRP ETF approvals. The change allows ETF shares to be created and redeemed using actual crypto assets like XRP, instead of just cash. This simplifies operations and reduces costs, which is viewed as removing a major hurdle for altcoin ETFs.
Expected Dates for XRP ETF Decisions
Bloomberg ETF experts Eric Balchunas and James Seyffart highlighted the importance of rule changes. Balchunas pointed to the use of the phrase 'order granting accelerated approval' in recent SEC statements, suggesting that the agency may be making decisions more swiftly. Seyffart added that altcoin ETFs might be approved sooner than anticipated. Officially, the deadline for deciding on XRP ETF applications is October 17, 2025.
XRP ETFs in Other Countries
While U.S. regulators review XRP ETF applications, other countries have moved ahead. Brazil approved the world’s first spot XRP ETF in April, and Canada subsequently launched three XRP ETFs on the Toronto Stock Exchange in June. These products provided Canadian investors access to XRP through traditional financial platforms and may influence U.S. regulators.
The SEC's rule changes represent an important step towards expanding opportunities for crypto investors. The anticipated decision date for XRP ETF applications raises hopes for a positive outcome.
