$XRP

XRP ETF Approval Incoming? Analyst Targets Sept–Oct for Breakthrough

A new SEC action might allow the first US spot ETFs tracking cryptocurrencies like XRP. Traders and investors are eagerly monitoring new regulations to hasten approvals by late 2025. After the regulator approved in-kind formation and redemption for crypto ETPs, this move occurred months later.

New Listing Standards Open Door

The US Securities and Exchange Commission recently filed that any currency having six months of futures trading on Coinbase's derivatives exchange may be an exchange-traded product.

Previously, reviews may take 240 days. Now, they take six months. After filing a regulation change, exchanges have 75 days. This change simplifies the XRP ETF and equivalent product route.

Also important are in-kind creation and redemption developments. This shift allows approved participants to create or redeem ETF shares using bitcoin instead of cash, according to crypto lawyer Bill Morgan.

The adjustment lowers settlement costs and aligns crypto ETPs with gold and commodities ETPs. Market makers may back ETFs with genuine tokens, saving steps.

Bloomberg analyst Eric Balchunas estimates 85% clearance for an XRP ETF in September or October 2025. He says the road becomes clearer after XRP, Dogecoin, and Solana reach the six-month futures level. Even after procedural delays, prediction markets support his opinion with chances at 86%.

The XRP market cap is $183 billion. TradingView chart

Balchunas and his staff monitored every file and regulation change. They think new listing criteria are the last hurdle. Issuers only require SEC approval because numerous cryptocurrency futures trade. Possibly by early September, he says.

Ripple Suit and Deadlines

Ripple's SEC lawsuit remains a major obstacle. According to sources, both parties may abandon appeals before the August 15 status report date. A substantial overhang on XRP ETF applications would be lifted.