Nate Geraci, the president of NovaDius Wealth Management, has projected a new timeframe for the approval of XRP and Cardano ETFs.
The year is quickly winding down, and the expectations of the launch of other altcoin ETFs are still high. Geraci has further fuelled that optimism, citing the last catalyst for a wave of new altcoin ETF approvals by the US Securities and Exchange Commission.
Geraci Provides Timeline for New Wave of Altcoin ETFs
The NovaDius president highlighted that the three major stock exchanges in the US—the NYSE, Nasdaq, and CBOE—have all filed with the US SEC for generic listing standards for crypto ETFs. He noted that this would provide the exchanges with a clear requirement for listing specific crypto ETFs, further streamlining the approval process.
Furthermore, these exchanges have submitted 19b-4 applications with the SEC on behalf of several asset managers for multiple altcoins. Currently, the Wall Street top regulator is considering over 75 crypto ETF filings, with XRP, Solana, and Cardano ETFs in the mix.
Geraci noted that “the floodgates will open” when the US SEC implements the standardized frameworks for crypto ETF approvals. In clear terms, the commission will sanction the XRP and Cardano ETFs, among others, once it implements the new listing rules.
Interestingly, he predicted that it wouldn’t be long before this happens. He projected that the implementations would occur in the next 2 months or so, ushering in a “boatload” of new crypto products into the traditional market.
Monster Demand for Crypto ETFs
Meanwhile, the imminent XRP and Cardano products could benefit from the growing demand for crypto ETFs, spurred by regulatory tailwinds. Geraci emphasized this point while highlighting the monster demand seen in existing products.
He stated that crypto ETFs have had a blossoming year thus far, with over $26 billion in inflows recorded. Notably, $19 billion of those have gone into the Bitcoin spot ETFs and $7 billion into the Ethereum spot ETFs.
Furthermore, a considerable chunk of this demand came recently as Bitcoin ETFs attracted $6 billion and the Ethereum product $5.5 billion in July. Again, the Ethereum ETFs have seen five of their best-performing days since last month, as interest in the investment vehicle picks up massively.
The fuel for this latest traction, according to Geraci, is the regulatory tailwind the crypto industry is experiencing under the current regime. He noted that this has given institutional investors the required assurance to allocate to the crypto industry.
Geraci mentioned catalysts like the passage of the GENIUS Act, the progress made with the CLARITY Act, and the approval of in-kind creation and redemption of Bitcoin and Ethereum ETFs. The US SEC also recently launched Project Crypto, with Chair Paul Atkins pledging to bring the financial market on-chain, adding to the appeal for the sector.
He added that this has fueled demand for crypto products and could continue to do so even for imminent vehicles. This aligns with an earlier outlook from JPMorgan, which estimated that the XRP and Solana ETFs could attract between $3 billion and $8 billion.
Odds of XRP and Cardano ETFs
Meanwhile, prediction site Polymarket has given an insight into the chances of approval for the XRP and Cardano spot ETFs. Per the website, the odds of a Cardano spot ETF in 2025 are 85%, up from 63% a week ago.
For the XRP spot ETF, there is a 79% chance of approval from the investment vehicle before December 31, 2025. This has also increased from 66% on August 7.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
