SEC’s New Crypto Policy Shift Could Boost XRP ETF Approvals, Says Lawyer

Crypto Lawyer Bill Morgan suggested that the recent policy change from the SEC on crypto ETPs could lead to faster approval for the current XRP ETFs filings.

Lawyers Suggest SEC’s New Rule Could Push XRP ETF Approvals Faster

Crypto lawyer Bill Morgan hinted that the stagnant XRP ETF filings could finally see a move. He attributed this to the recent SEC’s approval of in-kind creation and redemption for crypto exchange-traded products (ETPs).

Authorized participants can now directly create and redeem ETF shares using the underlying crypto assets thanks to this technical change. In other words, market makers can directly redeem cryptocurrency in place of cash, streamlining operations and cutting expenses. This development is widely seen as the last big hurdle before a wave of altcoin ETFs, including an XRP ETF, can finally move forward.

Additionally, Bloomberg ETF experts Eric Balchunas and James Seyffart also flagged the significance of the SEC’s language in recent filings. Balchunas called the phrase “order granting accelerated approval” a sign of faster decision-making at the agency. Seyffart noted that this could mean altcoin ETFs might be greenlit sooner, and with in-kind settlements baked in.

The final SEC decision deadline for the U.S. filings was set for October 17, 2025. These changes may have favourable outcomes on Ripple and the larger cryptocurrency market. Analysts believe that an XRP ETF may become an approved investment option by early fall, as the SEC appears to be shifting its stance..

Why the New Policy Shift Matters for Crypto ETFs

The SEC explained in its official statement that this update brings Bitcoin and Ethereum ETPs in line with commodity-backed products, like gold ETFs. The change is designed to cut operational costs and reduce trading friction.

Jamie Selway, Director of the SEC’s Division of Trading and Markets, said this move will give issuers and market makers more flexibility. SEC Chairman Paul S. Atkins added that the policy reflects the agency’s broader aim to build a more transparent regulatory structure for crypto markets

Bloomberg analysts had earlier forecasted that the chances of an XRP ETF being approved in 2025 were relatively high. This development further reiterates its possibility. Meanwhile, the list of pending ETF approvals is growing. Several asset managers, like Fidelity, Franklin Templeton, and Bitwise, have applied for XRP ETFs but are still waiting for a decision. These recent changes in regulations suggest that we might see a resolution soon.

While U.S. investors await a decision, Canada has already moved ahead. In June 2025, three spot XRP ETFs debuted on the Toronto Stock Exchange under the tickers XRPQ, XRPP, and XRP. This move introduced XRP to traditional investors in North America, setting a precedent that could influence U.S. regulators.