Is the SEC Close to Allowing Crypto ETFs

The question "is the SEC close to allowing crypto ETFs" is at the forefront of the digital asset industry. With recent regulatory shifts and new ETF listings, investors and enthusiasts are eager to understand how close the U.S. Securities and Exchange Commission (SEC) is to greenlighting more crypto ETFs. This article breaks down the current landscape, recent milestones, and what these changes could mean for the broader crypto market.

Regulatory Shifts and Industry Milestones

As of November 2025, the cryptocurrency sector is witnessing significant momentum in ETF development. According to a report from Coin Bureau on November 10, 2025, the Depository Trust & Clearing Corporation (DTCC) has listed five spot XRP ETFs under its "active and pre-launch" category. These ETFs are managed by Bitwise Asset Management, Franklin Templeton Investments, 21Shares, Canary Capital, and CoinShares.

While DTCC listing signals operational readiness—such as custody and settlement arrangements—it does not equate to SEC approval. The SEC remains the final authority for regulatory sign-off. However, the landscape changed dramatically on September 18, 2025, when the SEC approved rule changes allowing national exchanges to adopt generic listing standards for certain spot crypto ETFs. This move has reduced the time and complexity required for ETF listings, paving the way for more rapid adoption.

What Spot Crypto ETFs Mean for Investors

The approval and launch of spot crypto ETFs, such as those for Bitcoin and Ethereum, have already set important precedents. If the SEC allows spot XRP ETFs to begin trading, it could significantly broaden institutional access to XRP. ETFs provide a regulated and familiar investment vehicle, making it easier for traditional investors to gain exposure to crypto assets.

Market data shows that anticipation for these ETFs has already impacted XRP’s price and trading volume. For example, XRP experienced an 8% price increase in a single session as ETF expectations grew. This demonstrates the strong market interest and potential for increased liquidity and narrower spreads once these products go live.

Furthermore, a successful launch of spot XRP ETFs could open the door for additional altcoin ETFs, accelerating the integration of crypto assets into mainstream portfolios and attracting new investor classes.

Risks, Timing, and What to Watch Next

Despite the optimism, it’s important to note that DTCC listing does not guarantee SEC approval. Final regulatory sign-off may still face delays or require further disclosures. The timing and scale of fund inflows will depend on issuer infrastructure and investor demand, both of which can be unpredictable.

Market participants are closely watching for formal exchange notices that will announce ticker symbols, launch dates, and trading venues. These are the final steps before live trading can commence. As of now, all signs point to a potential launch window in mid-November 2025, possibly as early as next week, marking a significant milestone for XRP and the broader digital asset ecosystem.

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Key Takeaways and Next Steps

The SEC’s evolving stance on crypto ETFs is reshaping the market landscape. The potential approval of spot XRP ETFs represents a pivotal moment for both institutional and retail investors. As regulatory processes advance, staying updated with official announcements and reliable platforms like Bitget is crucial for making informed decisions.

For more updates on crypto ETFs and the latest market trends, continue exploring Bitget Wiki and discover how Bitget can support your journey in the digital asset space.