Bloomberg Analyst Predicts XRP ETF Approval In September Or October

Bloomberg analyst Eric Balchunas has highlighted September or October as likely approval windows for altcoin ETFs, including the XRP ETF. This comes after the SEC unveiled a new listing standard for crypto exchange-traded products (ETP).

Bloomberg Analyst Sees October as Likely Timeline for XRP ETF

A fresh filing from the U.S. Securities and Exchange Commission (SEC) has outlined “Listing Standards” for crypto ETPs, targeting coins with at least six months of futures trading on platforms such as Coinbase’s derivatives exchange.

Bloomberg analyst Eric Balchunas noted this change could pave the way for several altcoin ETFs, including an XRP ETF, by early fall. In his words, September or October appears to be the likeliest window for approval.

Balchunas emphasized that the updated standards primarily affect cryptocurrencies that already see derivatives activity. The list includes significant assets such as XRP, Dogecoin, and Solana. Any coin with futures trading for over six months would be approved, the analyst explained, adding that his team still sees strong odds for multiple crypto ETF products.

As CoinGape previously reported, the regulator earlier approved in-kind creation and redemption for crypto ETPs. The update allows authorized participants to directly create or redeem ETF shares with the underlying cryptocurrency rather than cash. This could be the last operational barrier before altcoin ETFs, like the proposed XRP ETF, can move forward.

Crypto lawyer Bill Morgan had highlighted this point, suggesting the SEC’s move dramatically improves efficiency and cost structures. This, in turn, increases the likelihood of approvals. ETFs can now be backed by market makers using actual cryptocurrency. This simplifies settlements and aligns them with commodities-backed products like gold ETPs.

Ripple’s Pending XRP ETF Applications and Delays

The SEC is currently considering many XRP ETF proposals, including well-known submissions from companies like Bitwise and Franklin Templeton. The SEC had extended the review period for Franklin Templeton’s XRP ETF through the end of 2025. However, the latest regulatory updates indicate that this protracted period might be coming to an end, with Bloomberg analyst Balchunas maintaining a steady 85% approval probability.

This prediction is supported by Polymarket data, which indicates that XRP ETF approval odds are still near 86% despite procedural delays.

The legal dispute between Ripple and the SEC is another element influencing the XRP ETF process. The case has hampered the SEC’s ability to grant approval, but action may be imminent. Former SEC lawyer Marc Fagel suggested that both parties may dismiss their appeals before the August 15 status report deadline, potentially clearing one of the last significant barriers.

The Bloomberg analyst projections mean the market is looking to October as the most likely month when the XRP ETF could finally cross the finish line. This could bring fresh momentum to the broader crypto ETF landscape.