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- ๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
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Qadir AKQadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Oct 09, 2025 04:16 UTC
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Ripple News: SEC Targets October 25 for XRP ETF Decisions as Shutdown Nears End
U.S. shutdown halts SEC operations, delaying key XRP, Solana, and Cardano ETF decisions expected in October.
Spot XRP ETF approvals unlikely by Oct. 25 as SEC freeze stalls reviews, leaving crypto markets in uncertainty.
The crypto market had high expectations for October 2025, a month expected to bring long-awaited decisions on spot ETFs for XRP, Solana, Cardano (ADA), and other major tokens. But instead of progress, the U.S. government entered a shutdown on October 1, which is now expected to last nearly 24 days.
The shutdown has left the Securities and Exchange Commission (SEC) with limited staff and minimal operations. Routine reviews and approvals are paused, including those tied to new ETF launches. The uncertainty has also added pressure to XRPโs price, which has traded with higher volatility since the start of the month. Traders
ETF Deadlines Approach as SEC Halts Work
Several asset managers have filed to launch or convert spot XRP ETFs, with deadlines falling between October 18 and October 25. These include filings from Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, and CoinShares.
Unlike funds registered under the Investment Company Act of 1940, these spot products are filed under the Securities Act of 1933, which requires direct SEC approval before trading can begin. That process is now stalled.
A person close to the filings told Crypto America, โIssuers are likely trying to get 100% ready for when the SEC returns to normal so there are no delays and they can get to market as quickly as possible.โ
- Also Read :
- XRP ETF News: Wall Street Quietly Accumulates While SECโs XRP ETF Approval Date Nears
- ,
Can Approvals Still Happen on October 25?
Many in the market had circled October 25 as the date for decisions. But with the SEC focused only on โessentialโ market functions, approvals during the shutdown appear unlikely.
Some have compared the situation to the Teucrium XRP ETF, which launched without an explicit SEC statement because it fell under the 1940 Act, allowing automatic clearance once the review period expired. However, that rule does not apply to spot ETFs, which must receive direct approval before listing.
With no staff to process filings or issue decisions, the current deadlines may pass without action. Any approvals would likely come after the government reopens.
For now, the October 25 target looks fragile, caught between market readiness and government paralysis. The crypto industry may need to wait a little longer for clarity.
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FAQs
No. With the SEC operating with minimal staff, direct approvals for spot ETFs like those for XRP are stalled until the government reopens and normal operations resume.
There is no confirmed new date. Approvals are now expectedย afterย the U.S. government shutdown ends, pushing the previously anticipated October 25 deadline.
The shutdown forces the SEC to pause non-essential functions, including the routine reviews and direct approvals required for new spot crypto ETFs to begin trading.
The unexpected delay in ETF decisions creates market uncertainty, which often leads to increased price volatility and selling pressure for assets like XRP.
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