Bloomberg Analyst Predicts XRP ETF Approval In September Or October

Michael Adeleke
July 31, 2025
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XRP Open Interest Jumps

Highlights

  • Bloomberg’s Eric Balchunas sees September or October as the likely window for XRP ETF approval, following updated SEC listing standards.
  • The SEC introduced guidelines allowing crypto ETFs for coins with 6+ months of futures trading, benefiting major altcoins like XRP.
  • Eric Balchunas estimates an 85% chance of approval for multiple altcoin ETFs, including XRP.

Bloomberg analyst Eric Balchunas has forecasted that the XRP ETF and other altcoin ETFs are likely to get approved by September or October.  This comes after the SEC unveiled a new listing standard for crypto exchange-traded products (ETP).

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Bloomberg Analyst Projects September-October for XRP ETF Approval

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.

SEC New Listing standarrd
Source: X

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.

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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.

XRP ETF approval odds
Source: Polymarket

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.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.