TLDR:
- Soana and XRP ETFs cleaned up according to generic listing standards and are no longer bound to 19B-4 time deadlines.
- Exchanges that Nyse Arca and Nasdaq can list Sol / XRP Spot ETFs as soon as the government opens again.
- Issuers removed the delay in amendments to the Spee S-1 efficiency under the 1933 Act.
- SEC staff Furlough Brakes Form 8-A and the S-1 treatment until the government returns.
This week’s news increases the tension in cryptocets. While ETF rule files was expected to stay until Sec measures, new guidance moves the bottleneck to the government’s suspension.
Sources close to rule applications say that Solana and XRP Spot ETFs have already been cleared according to generic listing standards, which means that their launch times are now hanging on exchanges that act when Washington opens again.
Investors who look at crypto price tracks will see this as a turning point in the ETF assumption.
Crypto Price Momentum Hinges at the Timing Exchange List
According to a thread of Greg Xethalis, the deadlines for 19B-4 rule (eg for Solana, Litecoin) are no longer the gate guards they once were.
He says that these applications are now living under the generic listing standard. Exchanges that meet GLS rules can list Spot ETFs such as Sun and XRP without further ado SEC approval.
Xethalis adds that issuers have the opportunity to remove delay in its S-1 registration, which triggers a 20-day efficiency in accordance with the 1933 Act. Some companies have already done this for solar. This makes them ready to list, pending exchange measures.
Crypto price movement can still stay in the short term. With the government closed are staff reviews of S-1 and Form 8-A registrations on keep. This means that exchanges must go in when the recovery takes place.
Martyparty illustrates that the only barrier is now the shutdown itself. He notes that SOL and XRP ETFs can go live at any time after the government opens again, and that exchanges will decide when to list.
Paths forward: From shutdown to live lists
When Congress restores the business, applications can proceed. SEC can resume accelerating S-1 and approve 8-A registrations. Then exchanges like NYSE ARCA, NasdaqAnd CBOE BZX can issue lists under GLS.
Xethalis warns that even with cleared rules, an exchange can hesitate without explicit Sec acceleration. He says we do not yet know if they will drive forward before Sec resumes.
If the replacement list quickly, crypto price effects can follow immediately. Sun and XRP Could draw ETF-driven inflows within a few days. It would test demand and short -term volatility.
At the moment, the industry is in standby mode. The rule changes are made. The registrations are mostly willing. But actual trade depends on the government that returns.
