XRP ETF Approval Incoming? Analyst Eyes September-October Window

The SEC is proposing new rules that could pave the way for the first US spot ETFs tracking altcoins like XRP. These new regulations aim to expedite approval processes for crypto exchange-traded products by late 2025. A significant change involves a new listing standard allowing coins with at least six months of futures trading history to qualify for an ETF. This replaces a longer review period with a streamlined 75-day window for exchanges to file rule changes. Developments concerning in-kind creation and redemption are also crucial, allowing ETFs to be backed by actual cryptocurrency instead of cash. This revision is expected to lower settlement costs and align crypto ETPs with those for commodities like gold. Bloomberg analyst Eric Balchunas estimates an 85% chance of an XRP ETF approval between September and October 2025. He believes meeting the six-month futures trading threshold is a major step towards this approval for various altcoins. The ongoing legal dispute between Ripple and the SEC remains a key hurdle, though potential appeals withdrawal could remove a significant obstacle. Experts suggest that if appeals are dropped, final SEC sign-off would be the last remaining step for trading to begin.