The U.S. Securities and Exchange Commission (SEC) is currently reviewing multiple XRP ETF applications, with decisions anticipated by late October. Issuers such as Grayscale, 21Shares, and Bitwise have submitted S-1 amendments, indicating progress towards potential approvals. Nate Geraci of NovaDius Wealth notes that these recent filings suggest the SEC is close to making a decision. However, the ongoing government shutdown could impact the timeline, as the SEC is functioning with limited staff. This may delay the review process, potentially affecting the expected decision dates for these ETF applications.