SEC Paves the Way for Bitwise’s XRP ETF: What It Means for Crypto in 2025

• How Is the SEC Streamlining Crypto ETF Approvals?
• Why Is XRP C’s Nasdaq Debut a Game Changer?
• What’s Next for Crypto ETFs?
• Market Meltdown vs. ETF Hype: Who Wins?

The U.S. SEC has quietly accelerated the approval process for crypto ETFs, with Bitwise’s XRP fund likely next in line. New guidelines aim to clear a backlog of filings, potentially fast-tracking altcoin products. Meanwhile, XRP’s first Nasdaq-listed spot ETF, XRP C, shattered records with $59M in debut-day trading volume—outpacing even Bitwise’s recent BSOL launch. As crypto markets bleed $1T in a month, could regulatory progress spark a turnaround?

How Is the SEC Streamlining Crypto ETF Approvals?

The SEC’s Division of Corporate Finance just dropped a bombshell: a new guide letting issuers expedite filings without full review cycles. “This could unlock Bitwise’s XRP ETF next,” noted Bloomberg’s Eric Balchunas. The MOVE addresses 900+ backlogged filings from the government shutdown. Crucially, submissions made during the shutdown will now be processed in order of receipt—and companies won’t need to re-add previously removed amendments. The 20-day rule allows immediate effectiveness for some filings, while others can still request acceleration. “It’s like the SEC hit the fast-forward button,” quipped a BTCC analyst. Data from TradingView shows XRP spiking 5% weekly despite a 6% daily dip, suggesting traders are betting on ETF momentum.

Why Is XRP C’s Nasdaq Debut a Game Changer?

Canary Capital’s XRP C ETF didn’t just launch—it detonated. $59M in day-one volume crushed 2025’s previous record (Bitwise’s BSOL at $57M), while $245M inflows dwarfed BSOL’s $69.5M. “Doing this on a blood-red tech day? Insane,” said Bloomberg’s James Seyffart. The fund now trades alongside BTCC’s XRP perpetual contracts, creating rare arbitrage opportunities. CoinMarketCap data reveals XRP’s 24-hour volume surged 30% to $8.29B, with prices holding at $2.30 despite market turmoil.

What’s Next for Crypto ETFs?

With Bitwise likely queueing up its XRP filing, analysts eye a domino effect. The SEC’s backlog relief could greenlight products for MATIC, SOL, and other altcoins stranded in “regulatory purgatory.” But there’s a catch: the agency hasn’t confirmed if it’ll waive its standard 30-day review window. “We’re seeing the SEC adapt—slowly—to crypto’s speed,” observed our BTCC team. As of November 2025, XRP remains the only altcoin with both spot ETF traction and a Ripple-SEC settlement in its rearview.

Market Meltdown vs. ETF Hype: Who Wins?

Global crypto cap plunged another 5% to $3.27T today, capping a $1T monthly loss. Yet trading volume spiked 47% to $266B—a telltale “panic sell” signal. Paradoxically, ETF developments are injecting hope. “Investors are treating XRP ETFs as lifeboats,” noted a trader on BTCC’s Telegram channel. The split reflects crypto’s 2025 identity crisis: battered by macro winds but buoyed by institutional rails.