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Home»Altcoin
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Bloomberg Analyst Claims XRP ETF Approval is Now a Certainty, Predicts $33 Surge

News RoomBy News Room2 weeks ago0 ViewsNo Comments4 Mins Read
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The Inevitable Rise of Crypto Spot ETFs: A Deep Dive into XRP’s Future

The crypto landscape is poised on the brink of transformation, particularly with the bullish sentiment around spot Exchange Traded Funds (ETFs). Bloomberg analyst Eric Balchunas recently shared insights suggesting that the approval of crypto spot ETFs, including the highly anticipated XRP ETF, is now virtually guaranteed. This anticipated momentum has led to speculation of a significant increase in XRP’s market value, with projections soaring to as high as $33 per token.

Current Status of XRP ETF Approvals

In a recent post on X, Balchunas stated that the probability of crypto ETF approvals has reached an astonishing 100%. This sentiment follows the adoption of new “generic listing standards” which have effectively rendered previous 19b-4 filings obsolete, thereby simplifying the approval process. The major hurdle now lies with the Commission’s Corporation Finance division granting the final approval, as asset managers, including those associated with Solana, have begun filing updated S-1 amendments. While Balchunas notes a possible delay due to concerns over a potential U.S. government shutdown, the structural changes in the process suggest that ETF approvals are more likely than ever.

The Securities and Exchange Commission (SEC) has also indicated a shift in its procedural framework by requesting issuers to withdraw their 19b-4 filings, further streamlining the approval path for applicants. This marks a significant change, especially as the spotlight now turns to October, when six spot XRP ETF applications will undergo review. The anticipation builds as Grayscale leads the submissions, followed closely by other major players like 21Shares and CoinShares.

Market Sentiment and Stakeholder Outlook

Polymarket has also reflected this optimism, showing approval odds for the XRP ETF at over 99%, implying that the question now is more about “when” rather than “if” these approvals will occur. As the crypto market gears up for October—a pivotal month—many investors are poised to benefit from the upcoming news, creating a sense of urgency and excitement in the community. This environment has not only increased general interest in XRP but has also drawn the attention of institutional investors looking to capitalize on emerging trends.

XRP Price Predictions and Market Factors

Alongside the excitement surrounding ETF approvals, crypto expert EGRAG Crypto has provided an optimistic price forecast for XRP, projecting a potential price surge to $33 in its next market cycle. Taking into account previous cycles, such as the substantial gains of 350% in 2017 and over 100% in 2021, the expectation of a similarly profitable trend is within reach. EGRAG suggests that this rally could commence as early as late November 2025, creating a robust market narrative that aligns with upcoming XRP developments.

XRP’s fundamentals further support this bullish sentiment. The XRP Ledger (XRPL) has witnessed significant upgrades, enhancing its capacities for advanced financial tools, including tokenized swaps linked to major financial institutions like BlackRock and VanEck. These improvements are positioned to bolster XRP’s utility, making it an integral player in the evolving blockchain landscape.

Institutional Investments: A Growing Trend

Recent reports highlighting substantial institutional interest also underline the favorable outlook for XRP. A notable instance includes a French finance insider acquiring approximately $48 million worth of XRP in one transaction. Such moves are reflective of a broader trend where institutional players are accumulating digital assets in anticipation of significant market developments. The influx of institutional investments typically generates positive market momentum and affirms the strength of crypto assets like XRP.

A Pivotal Month Ahead for Crypto ETFs

As we move through October, industry leaders and analysts echo the sentiment of a potentially transformative month for crypto ETFs. Nate Geraci, president of ETF Store, describes the upcoming weeks as “enormous” for the crypto space, particularly as final deadlines approach for various ETF filings. Notable decisions are on the horizon for spot ETFs linked to assets such as Solana, Dogecoin, and, of course, XRP.

The cumulative effects of these developments and projections are positioning XRP and its associated ETFs at the heart of the debate on future crypto investments. With all signs pointing toward a market ripe for approval and advancement, the crypto community is left eagerly anticipating what lies ahead, particularly for XRP.

In conclusion, the convergence of expected XRP ETF approvals and heightened institutional investment creates an ideal landscape for future growth. As October approaches, all eyes will be on the SEC and its resolutions on XRP and other crypto spot ETF applications, setting the stage for new opportunities in the digital asset realm. Investing in XRP may very well yield significant returns, with projections pointing toward record-breaking values in the near future.

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