XRP News Today: Regulators May Unlock a Crypto ETF Gold Rush With Standardized Rules

U.S. regulators are moving closer to streamlining the approval process for crypto exchange-traded funds (ETFs), with three major exchanges—Cboe BZX, Nasdaq, and NYSE Arca—submitting rule changes to the Securities and Exchange Commission (SEC) on July 30. These proposals aim to introduce standardized criteria for fast-tracking crypto ETF approvals, addressing a growing backlog of 91 outstanding applications. Among these, 24 are for single-asset tokens, with pending applications covering assets like Bitcoin (BTC), Solana (SOL), XRP, and Dogecoin (DOGE). The proposed criteria include trading on Intermarket Surveillance Group (ISG) members, presence on regulated futures markets, and existing ETFs with at least 40% exposure to the underlying token. If approved, these measures could expedite the inclusion of additional tokens in the ETF market, expanding institutional and retail access to digital assets [1].

The current bottleneck for crypto ETF approvals stems from the SEC's manual, case-by-case review process, which has proven inefficient given the rapid increase in applications. The proposed fast-track rule mirrors the 2019 Rule 6c-11 in traditional equities, which transformed the ETF landscape by enabling standardized, rules-based approvals. Galaxy Research highlights that the crypto ETF market is at a similar inflection point, with regulatory clarity lacking and demand for digital asset exposure growing. The exponential growth of equity ETFs following 2019 suggests that a similar regulatory shift for crypto ETFs could unlock a surge in market participation and innovation [1].

Under the proposed rules, ten tokens—DOGE, BCH, LTC, LINK, XLM, AVAX, SHIB, DOT, SOL, and HBAR—currently qualify for fast-track approval. Additionally, ADA and XRP are expected to meet the criteria by September and October 2025, respectively. These tokens have already demonstrated sufficient liquidity and regulatory oversight on platforms such as Coinbase Derivatives. The exchanges also indicated plans to propose additional quantitative criteria, such as minimum trading volumes and liquidity thresholds, to further refine eligibility. Industry players, including The Digital Chamber and Multicoin Capital, have suggested metrics like a $500 million minimum market cap and $50 million in daily trading volume as potential benchmarks [1].

The implications of a fast-track approval process could be significant for the broader crypto market. With 92 crypto ETP applications pending, including eight for Solana and seven for XRP, the anticipated regulatory shift may accelerate the approval of these products. For example, XRP is currently the subject of multiple ETF proposals, with applications from 21Shares, Bitwise, and WisdomTree, all of which are under SEC review. BlackRock, while not pursuing an XRP ETF at this time, has shown a strong focus on Bitcoin and Ethereum, reflecting broader market demand. However, the approval of XRP ETFs could attract substantial inflows, given its high liquidity and broad global holder base, according to EasyA co-founder Dom Kwok [4].

The regulatory environment is also shifting on a broader scale. The SEC’s recent clarification on liquid staking and its Project Crypto initiative signal a more accommodating stance toward digital assets. At the same time, legislative efforts such as the Digital Asset Market Clarity Act are working toward a unified U.S. framework for crypto regulation. The act, currently under consideration in the Senate, aims to define the boundaries of SEC and CFTC jurisdiction, while promoting decentralization and investor protection. As proposed rules and legislative frameworks converge, the likelihood of a coherent and scalable approach to crypto ETFs appears to be increasing [1].

Institutional demand for crypto ETFs is also on the rise. Ethereum ETFs have recently outpaced Bitcoin ETFs in net inflows, with BlackRock’s ETHA fund alone attracting $262.6 million in a single day. This trend underscores growing investor interest in altcoins and highlights the potential for broader diversification within digital asset portfolios. The increased inflows into Ethereum ETFs suggest that institutional investors are beginning to view crypto as a more integrated part of their asset allocation strategies. If the SEC continues to move toward standardized, rules-based approvals, the momentum for crypto ETFs—particularly those covering high-liquidity tokens like XRP and SOL—could accelerate further [8].

Source:

[1] Crypto ETF Fast-Track: Which Tokens Qualify Next? | Galaxy (https://www.galaxy.com/insights/research/digital-asset-etfs-fast-track-sec-approval)

[2] 92 crypto-related ETPs in the works: 'Floodgates to open ... (https://cointelegraph.com/news/92-crypto-related-etps-are-in-the-works-with-floodgates-open-soon)

[3] Canary Capital Files “American-Made” Crypto ETF Amid ... (https://cointelegraph.com/news/canary-capital-files-american-made-crypto-etf)

[4] 3 Things Investors Need to Know About BlackRock's Decision ... (https://finance.yahoo.com/news/3-things-investors-know-blackrocks-080000301.html)

[5] XRP ETF to Drive Largest Crypto Inflows Ever, Tech ... (https://coingape.com/xrp-etf-to-drive-largest-crypto-inflows-ever-tech-founder-says-amid-october-deadline/)

[6] Solana News: Billions and Billions! SOL Treasuries and ... (https://coinmarketcap.com/academy/article/solana-news-billions-and-billions-sol-treasuries-and-etfs-pile-in)

[7] BlackRock Leads $455 Million Ethereum ETF Inflows, as ETH ... (https://finance.yahoo.com/news/blackrock-leads-455-million-ethereum-150026294.html)

[8] Ethereum ETFs Shock Wall Street With $307M Inflows In One ... (https://finance.yahoo.com/news/ethereum-etfs-shock-wall-street-200853321.html)

[9] Spot Ethereum ETF Inflows Flip Bitcoin Once Again, Will ... (https://www.mitrade.com/insights/news/live-news/article-3-1077125-20250828)