- Bloomberg expects the SEC to approve XRP, Solana, and Dogecoin ETFs by October due to updated crypto listing standards.
- The SEC’s adoption of in-kind redemption for crypto ETPs improves efficiency and supports ETF product approvals.
- XRP ETF proposals from Bitwise and Franklin Templeton may accelerate as SEC legal barriers begin to ease.
Bloomberg analyst Eric Balchunas has projected that XRP and other altcoin exchange-traded funds (ETFs) could be approved by the U.S. Securities and Exchange Commission (SEC) between September and October. The projection follows a new SEC filing outlining listing standards for crypto exchange-traded products.
The updated rules target digital assets with at least six months of futures trading on regulated platforms, including Coinbase’s derivatives exchange. Assets like XRP, Solana, and Dogecoin meet this requirement, making them eligible under the revised criteria.
Balchunas Predicts Fall Timeline for Approval
Balchunas noted that these changes increase the likelihood of multiple altcoin ETFs being approved in early fall. According to him, September or October is now the most realistic timeline for potential approval. His team currently maintains an 85 percent probability that approval will go through within that window.
The SEC had previously approved in-kind creation and redemption for crypto ETPs. This change allows ETF issuers to use actual cryptocurrency, rather than cash, for share creation and redemption. Legal experts, including crypto attorney Bill Morgan, believe this development will reduce costs and improve market efficiency.
Ripple’s Pending Applications Under Review
Among the proposals being reviewed are filings from Bitwise and Franklin Templeton. Although the SEC initially extended its review of Franklin Templeton’s application through late 2025, recent developments suggest the timeline could accelerate.
Ongoing litigation between Ripple and the SEC remains a key factor. However, former SEC attorney Marc Fagel has indicated that both sides might dismiss their respective appeals by the August 15 status report deadline. If this occurs, it would eliminate one of the last major hurdles to ETF approval.
Market observers are now focused on the fall as the likely period for XRP ETF approval. Trading platforms and asset managers are expected to be ready for rollout if the SEC grants final clearance.
