A breakthrough could soon reshape the crypto investment landscape, as Bloomberg ETF expert Eric Balchunas predicts that an XRP exchange-traded fund (ETF), along with other altcoin ETFs, is likely to win approval by September or October.
This bold projection follows a key regulatory update from the U.S. Securities and Exchange Commission (SEC), which has introduced new listing standards designed to guide the approval process for crypto-based exchange-traded products (ETPs).
SEC Introduces New Standards Favoring XRP and Other Altcoins
In a move that signals growing openness to crypto ETFs, the SEC recently issued updated “Listing Standards” for digital asset ETPs. These new rules focus on cryptocurrencies that have maintained at least six months of futures trading activity, particularly on regulated platforms such as Coinbase’s derivatives exchange.
According to Balchunas, this regulatory shift clears a path for ETFs tied to well-established cryptocurrencies, including XRP, Solana, and Dogecoin. He explained that the updated framework dramatically increases the likelihood of multiple altcoin ETFs launching this fall, noting that September or October now appears to be the most realistic window for approvals.
The SEC's "Listing Standards" for crypto ETPs is out via new exchange filing. BOTTOM LINE: Any coin that has futures tracking it for >6mo on Coinbase's derivatives exchange would be approved (below is list). It's about a dozen of the usual suspects, the same ones we had at 85% or… https://t.co/QlzZnta7Yv pic.twitter.com/CmBr8XxAcM
— Eric Balchunas (@EricBalchunas) July 30, 2025
Strong Odds for Approval Bolster Market Confidence
Balchunas currently places the odds of XRP ETF approval at 85%, a sentiment echoed by prediction markets. Polymarket, a blockchain-based forecasting platform, also shows expectations hovering around 86%, reinforcing the belief that approval is not just possible, but probable.
This growing optimism is further supported by the SEC’s earlier decision to allow in-kind creation and redemption for crypto ETPs. This change permits ETF issuers to create or redeem shares using the actual cryptocurrency, rather than cash, simplifying operations and reducing overall costs. Legal expert Bill Morgan emphasized that this development makes crypto ETFs more efficient and aligns them with traditional commodity-backed products like gold ETPs.
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Ripple’s Pending Applications and Legal Overhang
While several XRP ETF proposals remain under SEC review, including those from major asset managers like Bitwise and Franklin Templeton, the regulatory momentum suggests a potential shift. Although the SEC had previously extended Franklin Templeton’s application deadline through the end of 2025, recent developments could accelerate the process.
Still, one significant hurdle lingers: the ongoing legal battle between Ripple and the SEC. The case has long cast uncertainty over XRP’s regulatory status. However, former SEC lawyer Marc Fagel recently noted that both Ripple and the SEC may voluntarily dismiss their pending appeals ahead of the August 15 status report, potentially removing one of the last major obstacles to approval.
October Could Mark a Historic Milestone
With legal clarity on the horizon and regulatory conditions improving, October is increasingly viewed as the most likely time for an XRP ETF to receive the green light. If approved, it would represent a landmark moment, not only for Ripple and its token holders, but for the entire altcoin sector.
An approved XRP ETF would open the door for significant institutional investment, enhance market credibility, and mark a major step forward in integrating crypto into traditional financial markets. As Balchunas and other experts suggest, the pieces are falling into place — and the countdown to approval may have already begun.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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