TL;DR
- Analyst Nate Geraci expects XRP exchange-traded funds to receive regulatory approval within the next 60 days, signaling strong institutional momentum for crypto.
- Several major firms, including Grayscale, 21Shares, and Bitwise, have pending filings, now set to be decided between mid- and late-October.
- U.S. regulators and lawmakers, including Senator Tim Scott, are advancing frameworks to clarify digital asset oversight, potentially accelerating the adoption of spot crypto ETFs.
After the U.S. Securities and Exchange Commission postponed decisions on multiple spot XRP ETF applications, analyst Nate Geraci indicated the approvals could happen within 60 days. Geraci, president of The ETF Store, said that the regulatory environment is now “nearly ready” for additional spot crypto ETFs, including XRP. He emphasized that a full framework for spot ETFs, along with expected Ethereum staking approvals, could arrive soon, paving the way for institutional involvement and potentially attracting more global investors seeking fully regulated crypto exposure.
Several major firms await the SEC’s final rulings. Applications from Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, CoinShares, and Franklin Templeton are all pending. If current schedules hold, Grayscale may receive approval by October 18, followed by 21Shares on October 19, Bitwise on October 20, and Canary Capital and WisdomTree later in the month. Analysts predict that the SEC will treat these applications consistently with its previous reviews of Bitcoin and Ethereum ETFs, reinforcing confidence in the process while signaling growing acceptance of digital assets within mainstream financial markets and institutions.
Lawmakers Push Digital Asset Clarity
Support from the U.S. Senate is also advancing regulatory certainty. Senator Tim Scott, chairman of the Senate Banking Committee, said as many as 18 Democrats may back the Senate’s Digital Asset Market Clarity Act. This legislation would define how the SEC and the Commodity Futures Trading Commission oversee digital assets, including spot crypto markets.
Opposition from figures like Senator Elizabeth Warren remains strong, but the bill could be finalized by September, creating a clearer path for ETF approvals and helping reduce uncertainty for institutional investors worldwide.
Regulatory Voices Endorse Crypto Integration
Michelle W. Bowman, Vice Chair for Supervision at the Federal Reserve, has also highlighted the regulatory shift toward supporting blockchain integration within the banking system. She stressed that innovation and oversight can coexist, noting that improved frameworks would remove barriers preventing banks from offering digital asset services.
This policy evolution aligns with Geraci’s view that XRP ETFs are positioned for imminent approval, potentially unlocking significant institutional investment, broader market adoption, and enhanced liquidity in the final months of 2025.
