.jpeg)
Bloomberg analyst Eric Balchunas has declared the odds of approval for crypto spot ETFs, including a potential XRP ETF, to be virtually guaranteed at 100%. This optimistic outlook has fueled bullish sentiment within the crypto community, with one expert projecting a significant price rally for XRP, potentially reaching $33.
Key Takeaways
-
Bloomberg analyst Eric Balchunas now estimates a 100% chance of approval for crypto spot ETFs, including XRP.
-
A simplified filing process, with the SEC asking issuers to withdraw old 19b-4 filings, suggests approvals are near.
-
Multiple XRP ETF applications are slated for review by the SEC in October.
-
An independent expert forecasts a potential XRP price surge to $33 in the next market cycle.
XRP ETF Approval Odds Skyrocket
Eric Balchunas, a prominent analyst at Bloomberg, has indicated that the approval odds for cryptocurrency spot Exchange Traded Funds (ETFs) have reached 100%. This suggests that the numerous XRP ETF applications submitted by asset managers are likely to receive the green light soon. Balchunas explained that the adoption of "generic listing standards" has made the traditional 19b-4 filings largely unnecessary, streamlining the approval process to a final review by the SEC's Corporation Finance division. Issuers, even those associated with Solana, are reportedly filing updated S-1 amendments, signaling that the end of the process is in sight.
While a potential U.S. government shutdown could impact the timing, the fundamental changes in the filing process make eventual approval highly probable. The SEC has requested issuers to withdraw their 19b-4 filings, effectively removing a major procedural obstacle. The focus now shifts to October, when the SEC is scheduled to review six spot XRP ETF applications within a single week. These include filings from Grayscale, 21Shares, Bitwise, Canary Capital, CoinShares, and WisdomTree.
Expert Forecasts Significant XRP Price Rally
Building on the positive developments, crypto expert EGRAG Crypto has issued a bullish price target for XRP, predicting a potential climb to $33 in the upcoming market cycle. This projection is based on historical performance, where XRP has seen substantial gains in previous cycles. EGRAG suggests that a similar rally could commence as early as late November 2025.
The underlying fundamentals and ecosystem of XRP are also showing signs of strengthening. The XRP Ledger (XRPL) has undergone significant upgrades, enabling more advanced financial tools. These include tokenized swaps linked to major funds like BlackRock's BUIDL fund and VanEck's VBill product. Furthermore, reports indicate a substantial accumulation of XRP by institutional players, signaling anticipation of major market developments. Nate Geraci, president of ETF Store, has also described the coming weeks as "enormous" for crypto ETFs, with final deadlines for numerous filings approaching.
Sources
This article was created with support from AI-driven technology, drawing on multiple reputable sources. The final content has been thoroughly reviewed and edited by BlockzHub's editorial team to ensure accuracy, clarity, and coherence. Original reporting sources are credited whenever appropriate and as required. The opinions expressed in this article do not necessarily represent the official views or positions of BlockzHub. This article is intended for informational purposes only and should not be considered financial or professional advice. Investing involves risk, and you should consult a qualified financial advisor before making any investment decisions.