The situation in the XRP ETF market is actively evolving as increasing interest in XRP-based products faces regulatory delays.
Expert Clarifies Demand for XRP ETFs
Bloomberg senior ETF analyst Eric Balchunas clarified his comments regarding the demand for XRP ETFs. He stressed that analysts never claimed there was 'no demand' for XRP. Instead, Balchunas pointed out that demand naturally declines the further you go from Bitcoin. This means XRP ETFs are likely to see lower demand compared to Bitcoin ETFs, but not zero.
> 'We never said no demand. We did however make up an easy to remember rhyme to describe how altcoin ETFs will likely play out: “the further away you get from BTC, the less assets there will be.”' — Eric Balchunas
SEC Pushes Back Deadlines
Despite this growing interest, the U.S. Securities and Exchange Commission (SEC) has once again delayed its review of XRP ETF filings. The first major deadline is October 18, when the SEC must decide on Grayscale’s XRP ETF application. More deadlines quickly follow, concluding by October 25. Franklin Templeton’s application remains on a slightly different timeline.
Odds of Approval Still Strong
Despite the delays, optimism remains. Bloomberg analyst James Seyffart believes there is a 95% chance that the SEC will approve XRP ETFs this year. Adding to this confidence, betting platform Polymarket also shows an 82% probability of approval in 2025. Amid the ETF buzz, XRP’s price climbed 5% today, bouncing from $2.85 to $3.00, with its market cap hitting $178.3 billion.
The current situation with XRP ETFs shows increasing interest from institutional investors despite delays in regulatory processes. Expectations for ETF approval in 2025 remain high.
