Although there is still work to be done for the shutdown to end, the focus is now on how quickly the SEC will resume its backlog once operations restart. There is enough optimism that the XRP ETF filings, which have witnessed significant public attention, could be among the first to move forward once reviews begin again.
Several major firms have filed for spot XRP ETFs over the past few months, hoping to bring the same level of institutional exposure to the altcoin that Bitcoin and Ethereum are enjoying. Among those in line are Grayscale, Bitwise, 21Shares, and CoinShares. These issuers had expected SEC responses in October, but the government shutdown disrupted the timeline.
