XRP Set for Gains as SEC Considers Unified Crypto ETF Launch in 2025

The US government shutdown has put the approval of crypto-spot exchange-traded funds (ETFs) on hold, delaying key filings...

Quick overview

  • The US government shutdown has delayed the approval of crypto-spot ETFs, including Canary Capital's Litecoin ETF, which was expected to be decided by October 2, 2025.
  • Analysts believe the delay may benefit XRP, as the SEC's new Generic Listing Standards could allow multiple crypto ETFs to be approved simultaneously.
  • The shutdown has paused ETF reviews, but the new framework may level the playing field for issuers by eliminating previous filing deadlines.
  • Optimism around ETF approvals and potential Fed rate cuts is keeping XRP's market value above $3, suggesting a possible rally when the SEC reopens.

The US government shutdown has put the approval of crypto-spot exchange-traded funds (ETFs) on hold, delaying key filings like Canary Capital’s Litecoin ETF which was set to have a decision by October 2, 2025. With the SEC unable to process S-1s during the closure, issuers will have to wait for government to reopen. But analysts think the delay could be a blessing in disguise—especially for XRP.

Bloomberg Intelligence analyst James Seyffart said the SEC seems to favor the Generic Listing Standards (GLS) which allows multiple crypto ETFs to be approved at the same time. The GLS approved in September eliminates the 240 day review period required under rule 19b-4 which means a potential industry wide reset.

Analysts See GLS as Game-Changer

Seyffart said the SEC may use GLS to coordinate ETF launches across cryptocurrencies and remove the “first to market” advantage that previously went to the early issuers.

This means XRP, Bitcoin and Litecoin ETFs could debut on the same day when government reopens.

Key Takeaways:

  • GLS eliminates 19b-4 filings.
  • SEC will greenlight all ETFs at the same time.
  • Shutdown may level the playing field.

Fox Business reporter Eleanor Terrett said the SEC’s limited staff are only doing essential work and ETF reviews are on pause. Since issuers withdrew their 19b-4s and refiled under GLS, prior deadlines don’t apply—meaning a unified approval framework.

XRP Market Outlook Amid Fed Speculation

XRP is holding above $3 due to optimism around ETF approvals and Ripple’s regulatory progress including its pursuit of a US bank license.

The shutdown could still be good for crypto. Traders are increasingly betting on Fed rate cuts which typically boost risk appetite.

According to the CME FedWatch Tool, odds of an October rate cut to 3.75-4.00% is 96.2% and for December is 86.3%.

If the SEC reopens with the Fed, XRP’s ETF could debut with a broader crypto rally—turning delay into opportunity.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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