There’s at present an apparent bottleneck within the dialogue of when XRP will lastly get its spot ETF, and it has nothing to do with charts or liquidity.
In line with the SEC's schedule, six completely different purposes – Grayscale, 21Shares, Bitwise, CanaryCapital, CoinShares, and WisdomTree – are stacked from October 18th to October twenty fourth, a one-week interval that would decide whether or not XRP enters the identical league as Bitcoin and Ethereum or stays on the sidelines.
Mockingly, the technical hurdles have already been cleared. Again on September 17, the SEC pushed via new itemizing requirements for commodity-backed belief shares, the very framework that may make it simpler to approve ETFs.
Chairman Paul Atkins has made no secret of his need for the USA to stay aggressive within the digital asset house. Ripple additionally had a seat at Brad Garlinghouse's dinner desk with the brand new US authorities earlier this 12 months. On paper, circumstances look virtually good.
the final hurdle
Nonetheless, as a result of authorities shutdown, the SEC was frozen to reveal minimal staffing ranges. Nate Geraci summed it up in a current submit: As soon as the shutdown ends, the ETF floodgates will open. Till then, XRP can be held again by politics, not the market.
As soon as the federal government shutdown ends, the floodgates for spot crypto ETFs will open…
The mounting fiscal debt and the same old political theater that stands in its approach is ironic.
That is precisely what cryptocurrencies are concentrating on.
— Nate Geraco (@NateGeraco) 13, 2025
If one in all these six purposes will get the inexperienced gentle, it might grow to be the first-ever U.S. spot XRP ETF, immediately opening the door to billions of {dollars} in institutional inflows.
Bitcoin and Ethereum ETFs have already confirmed how rapidly their funds can push costs to new data. For XRP, the trail is analogous, however nothing strikes till Washington acts.
