Two recent SEC decisions are changing how crypto exchange-traded funds (ETFs) come to market. But despite rising excitement, experts say an ETFs might not launch in October and that the much-discussed October 19b-4 deadlines are not actual launch dates.
SEC Simplifies ETF Approvals
The U.S. Securities and Exchange Commission (SEC) has agreed to streamline how ETFs are approved, replacing the slow case-by-case approach with Generic Listing Standards (GLS).
The change will allow crypto ETFs to be listed more efficiently once other regulatory steps are complete. The SEC also allowed Dimensional Fund Advisors to add an ETF share class to its mutual funds, and more than 70 fund companies are waiting to do the same.
However, progress is now paused. The ongoing U.S. government shutdown has furloughed SEC staff, including those who review and process ETF registrations. Until the government reopens, no new ETFs can move forward.
“Ignore the October Deadlines,” Analyst Explains
ETF analyst Xethalis said that investors are misunderstanding what the October 19b-4 filings mean.
“Basically we’re waiting on the government to reopen (probably).,” he explained. “Litecoin 19b4 deadline was Oct 2. Solana 19b4 deadline was Oct 10. Those (as well as for XRP, BCH and AVAX, etc) were obviated by the Generic Listing Standards (GLS).”
The 19b-4 process covers exchange rule filings, not ETF launch approvals. These filings were cleared, but each fund must still complete registration under the 1933 and 1934 Acts. That includes submitting Form S-1 and Form 8-A, both of which need SEC review.
Since those reviews are paused, no ETF can go live yet. Xethalis said that some issuers, like Canary LTC, Bitwise SOL, and Grayscale SOL, have removed “delaying amendments” to speed up approval. But this does not mean a Halloween launch is guaranteed.
What Happens Next
When the government reopens, exchanges such as NYSE Arca, CBOE BZX, and NASDAQ could start listing these ETFs. The groundwork is ready. Many spot crypto ETPs — including those for Solana (SOL) and Litecoin (LTC) — have cleared their main rule steps.
Still, it’s a waiting game.
XRP Price Moves With the News
The uncertainty around ETF timing hasn’t stopped XRP from moving sharply. After a 41% flash, XRP recovered to $2.40 and is holding above support as trading activity jumps.
Volumes are up 160% from the monthly average as both retail and institutional players adjust their positions. The SEC was expected to review several spot XRP ETF filings from Grayscale, Bitwise, 21Shares, and WisdomTree between October 18 and 25, but those dates are now uncertain.
If approvals come after the shutdown ends, analysts say XRP could push for a weekly close above $3.11. Resistance remains between $3 and $3.65, with support near $2.65.
Regulatory Context
Ripple gained ground earlier this year when a U.S. court ruled that XRP is not a security in secondary market sales. The decision gave XRP more legal clarity in the U.S. Still, Ripple’s push for a national banking charter continues, and the outcome is expected soon.
For now, the regulatory path matters more than price action. Until the SEC resumes operations, no XRP ETF can launch, no matter how soon filings appear to be ready.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
