Expectations for the approval of several altcoin ETFs, including XRP, from the SEC, according to recent statements, may come to fruition as early as September or October. This is linked to new rules that simplify the registration process for cryptocurrency products.
New SEC Rules for Cryptocurrency ETFs
According to Bloomberg data, the SEC has introduced updated rules allowing cryptocurrency assets with at least six months of active futures trading to qualify for ETF status. This change positively affects cryptocurrencies like XRP, Solana, and Dogecoin.
Prospects for XRP ETF Approval
Experts predict an 85% likelihood of XRP ETF approval. This estimate is supported by current market trends and expectations of accelerating the approval process. Currently, several XRP ETF applications, including those from Bitwise and Franklin Templeton, are under review.
Legal Issues and Their Impact on the Process
Legal issues associated with the Ripple vs. SEC case continue to be a significant factor slowing the process. Some analysts speculate that both sides may drop their appeals before the next court update on August 15, which could substantially simplify the situation.
If predictions hold, final approval for the XRP ETF could be granted in October, opening opportunities for broader market engagement with altcoins.
