SEC Streamlines Crypto ETF Review Amid Backlog, XRP ETF Approvals Expected

The SEC is prioritizing the review of over 900 pending crypto exchange-traded fund (ETF) applications, potentially leading to faster market entries. This move follows a recent government shutdown delay. Bitwise’s XRP ETF application, known for its potential speed to market, is expected to benefit from these streamlined procedures. The SEC’s expedited review process could accelerate U.S. crypto ETF offerings, impacting digital asset markets and fostering innovation on exchanges.