XRP ETF Decision Could Happen Within 21 Days. Here’s Why

Key Points

1. The SEC may issue a decision on a new ETF listing framework proposed by Cboe BZX Exchange and NYSE Arca, simplifying the process for crypto-based ETFs.

2. Current rules require a 19b-4 filing for each crypto ETF, leading to lengthy reviews (up to 240 days); the new framework would allow listing under generic standards, reducing time and cost.

3. If approved, eligible crypto ETFs could launch within 75 days instead of the current lengthy process, with potential decisions within 21 days.

4. The SEC's openness reflects a broader shift toward integrating crypto into U.S. capital markets, including plans to accommodate tokenized assets.

5. XRP ETF filings, some already past public comment phases, could benefit from the new framework, enabling faster market entry if requirements are met.