XRP ETF Nears Approval With 95% Odds — October 17 Marks Key Date
The post XRP ETF Nears Approval With 95% Odds — October 17 Marks Key Date appeared on BitcoinEthereumNews.com.
Eric Balchunas and James Seyffart have stated on X that XRP now holds a 95% ETF approval chance, up from 75%. If the XRP spot ETF gets the green light, analysts expect XRP may surprise us with a rally ranging from $3 to $10. Bitwise was the first to leap when it filed an S‑1 registration for a spot Ripple(XRP) Exchange Traded Fund (ETF) and argued that XRP should not be classified as a security. Just days later, on October 8, Canary Capital followed suit, submitting its own S‑1 filing and marking the second official attempt to bring an XRP ETF to market. Fast forward to June, and optimism has reached a new high. Bloomberg analysts Eric Balchunas and James Seyffart recently increased their approval confidence for a U.S. spot XRP ETF to 95%, up from their earlier estimate of 75%. Seyffart noted that, The timing of these approvals/launches is more uncertain. It could be something we’re talking about in the next month or two. Or it could be something that waits until October or later. Matter of when, not if. He clarified that this high probability applies only to those asset managers who’ve submitted 19b‑4 filings to the SEC through a registered exchange. The momentum didn’t stop there. In January, a wave of new filings came in, with ProShares and CoinShares both submitting multiple ETF applications. Then, on January 30, Grayscale made a strategic move by filing a 19b‑4 amendment to convert its existing XRP Trust into a spot ETF, which triggered a 240-day SEC review period. In March, the SEC formally began reviewing all these applications. Franklin Templeton’s ETF decision deadline was extended to June 17, and the SEC recently extended it again later in 2025. ProShares asked for theirs to be finalized by June 25. The clock is…
Filed under: News - @ June 22, 2025 9:18 am