XRP deadline postponed from late November to December 2025
The probability of an XRP ETF being approved by the end of 2025 has now risen to 99%.
Funds like Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, CoinShares and more face delays in XREP ETF approval
The ongoing U.S. government shutdown has stalled the approval process for the long-awaited XRP exchange-traded fund (ETF). Several funds were originally scheduled for an approval deadline in October, but the Securities and Exchange Commission (SEC) suspended all related actions in the wake of the shutdown.
XRP ETF postponed to late 2025
One crypto expert recently said that even after the government reopens, it will still take about four weeks for the SEC to process ETF applications. Before proceeding with approval, the Commission must clear the accumulated backlog, complete legal review, and finalize approval.
“Even after the government reopens, it may take another four weeks for that to happen. ETF approval will probably be in late November to late December,” he said.
Some analysts expect the review process for crypto ETFs containing XRP to move more quickly under the SEC's latest framework. The agency removed the 19b-4 requirement and introduced new generic drug listing standards. This change focuses solely on the S-1 application process, potentially shortening the approval timeline.
Major companies wait for SEC decision
Several asset managers, including Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, and CoinShares, are awaiting SEC approval for their XRP ETF applications. Those deadlines were originally set for Oct. 18 to Oct. 25, but were postponed due to the government shutdown.
Other ETF proposals for Litecoin (Canary, Grayscale, CoinShares), Solana (Grayscale, VanEck, 21Shares, Canary, Bitwise) and Cardano (Grayscale) have faced similar setbacks.
According to Polymarket data, the probability of XRP ETF approval by the end of 2025 has now risen to 99%.
Expert reaction
Many industry experts expected October to be a pivotal month for the approval of crypto ETFs. However, sentiment changed after the closure was announced. ETF Store president Nate Geraci suggested a delay was inevitable. Meanwhile, Eric Balchunas, senior ETF analyst at Bloomberg, likened the situation to a “rain delay” — a suspension rather than a cancellation.
