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- Anjali Belgaumkar
Anjali 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 “Enthusiast” 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 21, 2025 04:37 UTC
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XRP ETF Approval May Come Soon Despite U.S. Government Shutdown Delays, Says Grayscale
U.S. shutdown delays XRP ETF approval, but SEC expected to fast-track reviews once government operations resume.
Analysts see XRP ETF as a breakthrough for institutional adoption, boosting crypto liquidity and market legitimacy.
As the U.S. government shutdown stretches beyond 20 days, concerns are growing that it could temporarily slow down the approval process for new crypto ETFs, including the highly anticipated XRP exchange-traded fund (ETF).
Zach Pandl, Head of Research at Grayscale Investments, said that while certain government functions remain open, ETF and ETP product reviews are among the areas facing delays. “Unfortunately for crypto ETF providers, one of the functions that slows down is approval of these types of products,” he said, adding that investors will need to wait “just a little longer” before new funds are cleared.
SEC to Accelerate Approvals After Shutdown Ends
Despite the delay, Pandl expressed optimism that once the shutdown ends, the SEC will likely accelerate ETF approvals. He explained that regulators have already established “generic listing standards,” meaning they will not evaluate each cryptocurrency one by one. Instead, any asset that meets the criteria can qualify as an ETF or ETP.
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XRP and Solana ETFs Among the First Expected
This new approach could lead to a “big bang” moment in the coming months, with multiple single-asset ETFs, such as those for XRP and Solana, hitting the market almost simultaneously.
When asked which ETF might perform best, Pandl avoided choosing a favorite but said that both XRP and Solana offer unique strengths. He added that Grayscale’s diversified products, like its Crypto 5 ETF, allow investors to balance exposure while customizing allocations toward assets such as XRP.
XRP ETF Seen as Major Step for Institutional Adoption
Analysts say that an approved XRP ETF could mark a major milestone for the cryptocurrency, enhancing institutional access, liquidity, and legitimacy. While the U.S. shutdown may delay the timeline, industry experts remain confident that XRP’s entry into the ETF era is closer than ever.
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FAQs
Yes, the U.S. government shutdown has temporarily slowed the SEC’s approval process for all new crypto ETFs, including the anticipated XRP fund.
While delayed, experts predict a “big bang” of approvals soon after the government reopens, as the SEC can use new, faster standards to approve multiple ETFs at once.
The shutdown pauses the SEC’s review of ETF applications. However, the agency is expected to accelerate approvals once it resumes normal operations to clear the backlog.
An XRP ETF is a major milestone that would provide easier, safer institutional access, significantly boosting the asset’s liquidity, legitimacy, and adoption.
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