President of NovaDius Wealth Management, Nate Geraci, has suggested that spot XRP ETFs could potentially debut as early as next month.
Geraci shared this optimistic outlook via a viral meme that illustrates the current state of spot crypto ETFs. In the image, a massive dam labeled “Government Shutdown” holds back a flood of “Spot Crypto ETFs” from reaching “Investors.”
This depiction aligns with the understanding that the ongoing government shutdown has stalled the approval and launch of several spot crypto ETFs, including those tied to XRP.
Meanwhile, Geraci hinted that the government shutdown could end within the next two weeks, potentially lifting the dam and opening the floodgates for the launch of spot XRP ETFs. He also noted that other spot crypto-related ETFs, such as those focused on Litecoin and Solana, would debut in the same timeframe.
SEC Suspends ETF Approvals Amid Government Shutdown
Indeed, the U.S. government shutdown, which began on October 1, affected the operations of key federal agencies, including the SEC. This comes after the U.S. Congress failed to approve funding legislation for 2026.
Following the shutdown, the SEC suspended most of its operations, leaving only a few staff to respond to inquiries and combat fraud and market manipulation. However, the Corporation of Finance division, which is responsible for approving or disapproving spot ETFs, was also affected by the shutdown.
Consequently, the commission is not expected to decide the fate of the XRP ETFs until the government shutdown is lifted.
When Will SEC Approve XRP ETF?
Meanwhile, Geraci has hinted that this could happen over the next two weeks, possibly by early November. However, it remains unclear whether this would come to fruition.
The timeline coincides with the SEC’s final decision deadline for Franklin Templeton’s XRP ETF, which was initially scheduled for November 14, 2025. According to experts like Eleanor Terrett, these deadlines are no longer effective since the SEC approved the Generic Listing Standard framework.
As a result, the SEC could decide to issue a decision on the ETFs at any time. However, this is most likely to occur once the government shutdown ends.
Meanwhile, bettors on Polymarket predict that the ongoing government shutdown will end on or before November 23, 2025. This projection aligns with a similar forecast from prominent XRP community figure Vincent Van Code.
He believes that even after the shutdown ends, the SEC could take up to four additional weeks to approve the pending spot crypto ETFs, potentially placing the XRP ETF approval window in late November or December.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
