- SEC allows fast-tracking of delayed ETF filings.
- Bitwise’s XRP ETF could be among the first to benefit.
- Positive sentiment grows for XRP amid ETF buzz.
The U.S. Securities and Exchange Commission (SEC) has issued fresh guidance that could significantly speed up the approval process for crypto-related ETFs. This move comes as a response to delays caused by the recent government shutdown, which impacted regulatory timelines for various financial products.
According to the updated guidance, ETF issuers can now request accelerated processing for filings that were previously delayed. This means the SEC is ready to resume approvals quickly—something the crypto industry has eagerly awaited.
Among the possible early beneficiaries of this fast-tracking process is Bitwise, which has filed for an XRP-based ETF. While the SEC has been cautious with crypto ETFs, this shift indicates a more flexible and potentially bullish stance on digital assets like XRP.
Bitwise’s XRP ETF Could Be Next
Bitwise is one of the prominent asset managers pushing for crypto ETFs. After success with its Bitcoin and Ethereum products, the firm is now eyeing XRP. While XRP’s legal status has been a contentious issue, recent court decisions have clarified that the token itself is not a security when traded on secondary markets.
This legal clarity may give Bitwise the edge it needs to be next in line. If the SEC follows through with its fast-track policy, the XRP ETF could hit the market sooner than expected. That would mark a major milestone for XRP and boost investor confidence in the asset.
XRP Market Sentiment Turns Bullish
The possibility of an XRP ETF has stirred excitement across the crypto community. XRP’s price has already reacted positively in the past to ETF-related developments. If Bitwise gets the green light, it could lead to increased institutional demand and broader market adoption.
With ETFs being a bridge between traditional finance and crypto, the SEC’s fast-track move could help usher in a new wave of crypto investment vehicles, with XRP leading the charge.
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