XRP ETF approval is nearing final review as major issuers amended S-1 registration statements during the U.S. government shutdown; the SEC’s paused operations may delay timing but filings signal readiness for approval under generic listing standards.
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Major issuers (Grayscale, Franklin Templeton, Bitwise, Canary, 21Shares, WisdomTree) filed amended S‑1s despite the shutdown.
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The SEC asked issuers to withdraw pending 19b‑4 filings, suggesting approval via generic listing standards rather than the 19b‑4 route.
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Prediction market Polymarket places a 37% chance the shutdown becomes the longest in U.S. history, underscoring potential regulatory delays.
XRP ETF approval moves forward as asset managers amend S‑1 filings amid a U.S. government shutdown; read the latest regulatory updates and market implications now.
Major asset managers amended XRP ETF registration statements during the U.S. government shutdown, signaling readiness for approval even as SEC review capacity is limited.
Publication: COINOTAG — Published: 2025-10-12. Updated: 2025-10-12.
How close is XRP ETF approval?
XRP ETF approval appears closer after several leading issuers submitted amended S‑1 registration statements, a sign they are preparing to list once the SEC resumes full review. While the SEC’s reduced operations during the U.S. government shutdown may delay procedure, the filings indicate regulators and issuers are aligning on a generic listing standards pathway.
How is the U.S. government shutdown affecting XRP ETF review timelines?
The U.S. government shutdown has curtailed SEC staffing and slowed many formal review processes, leaving some deadlines in flux. Issuers used the window to refine documents and propose tickers — Grayscale (proposed “GXRP”), Franklin Templeton (“XRPZ”), Canary (“XRPC”) — while Bitwise, WisdomTree, and 21Shares have not yet disclosed tickers or fee schedules. According to Polymarket, there is a 37 percent probability the shutdown becomes the longest in U.S. history, exceeding the 35-day 2018–2019 closure; that risk elevates the chance of administrative delay. Bloomberg ETF analyst Eric Balchunas has noted the pause in SEC operations has effectively put many pending ETF decisions on hold, though the agency’s request for 19b‑4 withdrawals points to alternative approval mechanics. Nate Geraci, President of ETF Store and NovaDius Wealth Management, observed that the volume of amendments signals issuers expect approval to be imminent once regulatory processes resume.
Frequently Asked Questions
When will XRP ETFs begin trading in the U.S. under the current filings?
Exact trading start dates remain unclear while the SEC operates at reduced capacity during the shutdown. The amended S‑1s show issuers are prepared to list quickly, but final approval and exchange listings will depend on the SEC’s operational status and completion of any outstanding review steps once normal operations resume.
Will the government shutdown delay XRP ETF approval?
Yes, the shutdown can delay final approval because the SEC has paused many review activities. However, issuers’ amended filings and the SEC’s guidance on abandoning 19b‑4 filings in favor of generic listing standards indicate preparations are underway to expedite approvals when the agency regains full staffing.
Key Takeaways
- Active amendments: Major asset managers updated S‑1 filings to ensure readiness for listing when reviews restart.
- Regulatory route: The SEC’s request to withdraw 19b‑4 filings suggests approval via generic listing standards is likely.
- Timing risk: The U.S. government shutdown raises the prospect of administrative delays despite issuer momentum; monitor SEC status for final timelines.
Conclusion
COINOTAG reporting shows that XRP ETF approval is progressing as issuers amend registration statements and propose tickers, even amid a U.S. government shutdown that has constrained SEC reviews. Authoritative indicators — statements from industry analysts Nate Geraci and Eric Balchunas, Polymarket probability data, and amended S‑1 submissions from Grayscale, Franklin Templeton, Bitwise, Canary, 21Shares, and WisdomTree — point to readiness for approval under generic listing standards. Readers should watch for SEC staffing and procedural updates for final timing; check COINOTAG for ongoing coverage and regulatory developments.
Sources (plain text): Securities and Exchange Commission (SEC) filings; quotes and analysis from Nate Geraci (ETF Store & NovaDius Wealth Management) and Eric Balchunas (Bloomberg); prediction market data from Polymarket.
