When Will Crypto ETF Be Approved: Key Milestones and What to Expect

The question of when will crypto ETF be approved has become one of the hottest topics in the digital asset space. As of June 2025, anticipation is building around the potential launch of the first U.S.-listed spot XRP ETFs, following the earlier approval of Bitcoin and Ethereum ETFs. This article explores the current regulatory landscape, recent developments, and what investors should watch for as the crypto ETF market evolves.

Regulatory Progress and the Current Approval Process

Crypto ETFs, or exchange-traded funds that track the price of digital assets, have long faced regulatory hurdles in the United States. The U.S. Securities and Exchange Commission (SEC) is the primary authority responsible for approving these products. Historically, the SEC has cited concerns over market manipulation, custody, and investor protection as reasons for delaying or rejecting crypto ETF applications.

However, the landscape shifted significantly on September 18, 2025, when the SEC approved rule changes allowing national exchanges to adopt generic listing standards for certain spot crypto ETFs. This move reduced the time and complexity required for new ETF listings, opening the door for more digital asset products to enter the market.

As of June 2025, several spot XRP ETF proposals have advanced to the Depository Trust & Clearing Corporation (DTCC) “active and pre-launch” list. This includes filings from Bitwise Asset Management, Franklin Templeton Investments, 21Shares, Canary Capital, and CoinShares. While DTCC listing signals operational readiness, it does not equate to SEC approval. The SEC remains the final gatekeeper, and formal sign-off is required before trading can begin. (Source: Coin Bureau, June 2025)

Recent Filings and Market Reactions

One of the most notable recent developments is the Section 8(a) amendment filed by 21Shares for its proposed spot XRP ETF. This filing, submitted on November 7, 2025, starts a 20-day clock for SEC review. If the SEC takes no action within this period, the ETF could become effective automatically around November 27, 2025. This procedural step has accelerated market speculation and optimism about imminent approval. (Source: CryptoSlate, June 2025)

The market has responded swiftly to these regulatory milestones. For example, XRP’s price surged by nearly 12% in the 24 hours following the DTCC listing of five spot XRP ETFs, reaching around $2.52. Trading volumes also spiked as investors positioned themselves for potential ETF launches. These reactions underscore the strong demand for regulated crypto investment vehicles and the influence of ETF news on digital asset prices.

It’s important to note that while DTCC listings and SEC filings indicate progress, they do not guarantee immediate approval. The SEC can still request additional disclosures, delay decisions, or reject applications based on ongoing concerns.

Potential Impact and What Investors Should Watch

If approved, spot crypto ETFs like those tracking XRP would mark a significant milestone for the industry. These products would provide traditional investors with regulated, familiar pathways to gain exposure to digital assets, potentially increasing liquidity, narrowing spreads, and attracting new investor classes.

For XRP specifically, ETF approval could enhance its legitimacy and market depth. Institutional capital, which often avoids direct crypto purchases due to custody and regulatory risks, could flow into the asset via ETFs. This shift may also pave the way for additional altcoin ETFs, further integrating crypto into mainstream portfolios.

However, several challenges remain. The SEC’s final decision is unpredictable, and approval timelines can vary. Regulatory clarity around asset classification, market manipulation safeguards, and custody solutions are all critical factors influencing the outcome. Investors should monitor official SEC filings, public comments, and exchange notices for updates on ticker symbols, launch dates, and trading venues.

As of June 2025, all signs point toward a potential launch window for spot XRP ETFs in mid-to-late November, pending SEC approval. The coordinated efforts of multiple issuers and the rapid market response highlight the growing importance of crypto ETFs in the evolving digital asset landscape.

Common Misconceptions and Risk Considerations

There are several misconceptions about the crypto ETF approval process. First, inclusion on the DTCC list does not mean an ETF is approved or ready to trade. It simply indicates that operational preparations are complete, and the product is awaiting regulatory clearance.

Second, while ETF approval can boost market sentiment and attract institutional interest, it does not eliminate risks associated with crypto investing. Regulatory changes, market volatility, and potential delays in approval can all impact returns. Investors should remain cautious and conduct thorough research before making investment decisions.

Finally, the success of a crypto ETF depends on more than just regulatory approval. Factors such as liquidity, transparency, and the efficiency of share creation and redemption processes will determine the long-term viability and attractiveness of these products.

Further Exploration: Stay Ahead with Bitget

The approval of new crypto ETFs could reshape how investors access and interact with digital assets. As the regulatory landscape continues to evolve, staying informed is crucial. Bitget, as a leading digital asset platform, offers a secure and user-friendly environment for exploring the latest crypto trends and investment opportunities. For those interested in managing digital assets directly, Bitget Wallet provides robust security and seamless integration with the broader crypto ecosystem.

Keep an eye on official announcements and regulatory updates to stay ahead in the fast-moving world of crypto ETFs. For more insights and practical guides, explore Bitget’s educational resources and stay connected with the latest market developments.