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).