According to Eric Balchunas, the SEC published guidance that appears to let ETF issuers accelerate the effectiveness of filings to clear a backlog, which could speed up crypto ETF timelines (source: Eric Balchunas on X, Nov 14, 2025 – twitter.com/EricBalchunas/status/1989311220936065171; source: U.S. SEC guidance – sec.gov/newsroom/whats-new/division-corporation-finance-guidance-after-government-shutdown). According to Eric Balchunas, crypto ETF issuers that have not filed Form 8-A may try to launch as soon as possible under this approach (source: Eric Balchunas on X, Nov 14, 2025 – twitter.com/EricBalchunas/status/1989311220936065171). According to Eric Balchunas, Bitwise XRP (XRP) is next in the queue among crypto ETF products (source: Eric Balchunas on X, Nov 14, 2025 – twitter.com/EricBalchunas/status/1989311220936065171).

According to @JSeyff, the SEC has delayed decisions on several major crypto ETF filings, including Bitwise and CoinShares XRP ETFs, the Litecoin ETF, and Fidelity's in-kind Bitcoin ETF filing (source: @JSeyff via Twitter, May 22, 2025). These delays highlight ongoing regulatory uncertainty, affecting short-term trading sentiment for XRP, Litecoin, and Bitcoin-related products. However, the SEC's acknowledgment of Canary Funds' staked TRX filing provides a positive signal for TRON (TRX) traders, suggesting potential regulatory openness to staking-based ETFs. Traders should monitor SEC developments as these decisions directly impact crypto market liquidity and ETF-driven price movements.