Expert Predict Big Moves for XRP as Bloomberg Analyst Flags 96 Crypto ETF Filings

ETF expert Nate Geraci has projected big moves for XRP and other crypto products in this market cycle. This comes as Bloomberg analyst James Seyffart revealed 96 crypto filings currently with the SEC.

Expert Hints at ETF Boom for XRP and Other Tokens

In a recent X post, ETF expert Nate Geraci pointed out the sheer scale of pending ETF applications. He described the moment as “crypto ETF floodgates about to open soon.” His comments underscore the increasing need among institutions and asset managers to establish regulated vehicles for exposure to digital assets.

This came after Bloomberg analyst James Seyffart confirmed that the SEC is currently reviewing at least 96 crypto ETF filings. This marks the most significant rush of applications to date. 

His research shows Solana at the front with 16 filings, closely followed by XRP with 15. Other applications feature Ethereum, Bitcoin, Dogecoin, and Litecoin. The growing list underscores the diversification of investor interest beyond just BTC and ETH.

ETFs provide a regulated means of gaining access to digital assets. This basically eliminates the technical hurdles typically associated with wallets or custody. Geraci argues that approval would attract substantial institutional money. By opening these channels, ETFs could accelerate adoption and liquidity across the market.

Seyffart emphasized that the surge in ETF filings indicates a maturing asset class. If the SEC gives the green light, the products could trigger deeper capital markets participation, especially in XRP.

SEC Filings Pile Up Despite Approval Stagnation

More institutions are still filing for crypto-related exchange-traded funds, despite the SEC’s slow response. Just yesterday, 21Shares sought approval from the SEC to launch the first SEI ETF. The product would track SEI and could potentially include staking options. 

However, the SEC has delayed decisions on many of these products. For example, the SEC recently pushed back its decision on the Grayscale Cardano ETF. This product has been filed since February. The regulator invited public comments earlier this year and has since provided no tangible update.

Seyffart’s latest data suggests XRP and Solana remain the most active altcoin contenders, each with multiple ETF applications. His Bloomberg Intelligence colleague, Eric Balchunas, previously tracked 72 pending filings in April. The number has since increased as issuers seek to capitalize on momentum.

BlackRock currently dominates crypto ETF inflows after its most recent buy. Its iShares Bitcoin Trust ETF (IBIT) has already attracted over $58 billion since launch. Its Ethereum ETF has also gathered $13 billion. IBIT alone now holds more than 3% of Bitcoin’s supply. This illustrates how institutional investors can significantly impact pricing and liquidity.

These figures suggest that major altcoin rallies may be triggered by ETF approvals. Analysts believe multiple approvals would direct massive amounts of capital into tokens like Cardano, Solana, and XRP.