SEC's New Guidance: Could the XRP ETF Process Accelerate?

In recent days, as volatility increases in the crypto markets, a new guideline released by the U.S. Securities and Exchange Commission (SEC) points to a significant development regarding the long-pending XRP ETF applications. The SEC's approach has the potential to accelerate the process of crypto ETF applications and may create a critical opportunity for investors.

The guide published by the SEC following the government shutdown offers issuers additional flexibility to expedite the effective date for crypto-focused ETF applications. This situation creates a positive development level, particularly for the XRP ETF application submitted by Bitwise. Bloomberg analyst Eric Balchunas noted that this regulation aims to clear pending filings and emphasized that Bitwise's XRP ETF is one of the strongest candidates.

According to the SEC’s guide, applications can advance their effective date when certain conditions are met. The SEC document shared indicates that some registration statements can be expedited before the 20-day waiting period expires, and post-effective changes will automatically take effect unless the issuer submits a different request. This situation allows crypto ETF issuers to significantly shorten their waiting processes.

According to Balchunas's evaluations, crypto ETF applications that have not previously completed the “Form 8-A” process will benefit from this guideline. The analyst stated that Bitwise's XRP ETF is likely to progress the fastest among the applications that were put on hold due to the government shutdown. The information provided by the SEC regarding this new approach has eliminated the uncertainties surrounding approval processes that both crypto ETF issuers and the market have been waiting for months.

An approval for an XRP-focused product has been long awaited in the crypto market. Following Balchunas's message, the question "Could the XRP ETF approval accelerate?" has resurfaced on social media. The SEC’s guide lays the groundwork for new activity in the crypto ETF calendar, and Bitwise's potential XRP ETF initiative could be a significant catalyst in the market.

Now, investors are eagerly awaiting whether the applications will accelerate and how the SEC will proceed in the new era.