The U.S. SEC has issued guidance on post-shutdown filings, which may accelerate the approval process for several crypto ETFs.

According to Mars Finance, Bloomberg analyst Eric Balchunas, citing the latest SEC guidance, the SEC received over 900 registration documents during the government shutdown and is now accelerating the clearing of the backlog. The guidance document indicates that if an issuer's registration statement submitted during the shutdown does not include a delay-beginning clause (path 8(a)), it will automatically become effective after 20 days, and the issuer can apply for expedited effectiveness by adding a delay clause. Analysts suggest this may prompt some crypto ETF issuers that have not yet completed the 8(a) process to accelerate their listing process, with Bitwise's XRP ETF considered a potential next contender.