Crypto Currency Tracker logo Crypto Currency Tracker logo
Finbold 2025-09-29 19:09:30

SEC makes groundbreaking move in XRP ETF approval process

The Securities Exchange Commission (SEC) has taken a major step that could accelerate the launch of spot exchange-traded funds ( ETFs ) tied to several major cryptocurrencies, including XRP . According to cryptocurrency journalist Eleanor Terrett, the SEC has asked issuers to withdraw their existing 19b-4 filings following the approval of new generic listing standards. Withdrawals could begin as early as this week, she said in an X post on September 29. Besides XRP, other affected cryptocurrencies include Litecoin ( LTC ), Solana ( SOL ), Cardano ( ADA ), and Dogecoin ( DOGE ). More context for those asking whether withdrawal is a bad thing: the short answer is no. The long answer: when the @SECGov approved the generic listing standards two weeks ago, it eliminated the need for exchanges to file 19b-4 forms to list individual token ETFs, simplifying and… https://t.co/byHmCkMti1 — Eleanor Terrett (@EleanorTerrett) September 29, 2025 Notably, Terrett emphasized that the move is not a setback. In this case, the SEC’s generic listing standards eliminate the need for individual 19b-4 filings for token-based ETFs, simplifying and speeding up the approval process. Under the new rules, as long as a cryptocurrency meets the established criteria, an ETF can be approved with just an S-1 filing. This means the SEC could approve one or multiple ETFs at any time, streamlining access for investors. SEC ETF decisions The decision comes as the SEC is expected to make rulings on several altcoin ETFs later in October, increasing the likelihood that assets like XRP could receive approval. Market participants are anticipating a significant October for ETFs, which could lead to substantial inflows into altcoins from institutional investors. The SEC will decide on 16 cryptocurrency ETFs, with final deadlines scattered throughout the month. Canary’s Litecoin ETF is up first on October 2, followed by Grayscale’s Solana and Litecoin trust conversions on October 10, and WisdomTree’s XRP fund on October 24. While decisions could happen at any time before these deadlines, analysts see the approvals as a potential catalyst for a renewed altcoin rally. Featured image via Shutterstock The post SEC makes groundbreaking move in XRP ETF approval process appeared first on Finbold .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.