President of NovaDius Wealth Management, Nate Geraci, has suggested that spot XRP ETFs could be approved in the next two months.
Geraci made this bold claim just days after the U.S. SEC postponed its decision on several spot XRP ETF applications. Earlier this week, the securities regulator failed to approve or disapprove the launch of several spot XRP exchange-traded funds from Bitwise, Grayscale, and CoinShares.
Despite this, Geraci emphasized that the floodgates for spot XRP ETFs appear likely within the next two months. This indicates that Geraci expects the SEC to approve multiple XRP ETFs between now and October.
Indeed, the October timeline aligns with the SEC’s final deadline to rule on several XRP-linked spot ETFs, including those whose decisions were recently postponed.
Notably, the SEC must decide whether to approve or disapprove Grayscale’s request to convert its XRP Trust to a spot ETF by October 18. It also has a final deadline of October 19 to decide on 21Shares’ XRP ETF.
An approved spot ETF would be a major milestone for XRP. These products would bring mainstream institutional access to XRP and possibly a stronger price floor driven by fund inflows.
Crypto Regulatory Clarity Looms
Geraci’s projection is influenced by the U.S. favorable regulatory landscape for crypto, which he believes would pave the way for the launch of these XRP investment products.
According to him, the United States will soon have a full regulatory framework for spot crypto ETFs, including those linked to XRP. Specifically, he mentioned that the CLARITY Act, which the U.S. House recently passed, is currently before the Senate.
This bill seeks to establish a regulatory structure for the U.S. digital asset ecosystem, mitigate the legal uncertainty surrounding asset classification, and clarify the respective roles of the CFTC and SEC.
Since the House has already passed the CLARITY Act, a similar action in the Senate will see the legislation move to the president’s desk for signing into law. However, the timeline for this action remains uncertain.
Favorable Projections for Other Crypto ETFs
Meanwhile, the wealth manager projected that the SEC will also approve other spot ETFs linked to altcoins like Solana and Litecoin by October 2025.
Additionally, he believes the SEC will also approve staking for existing spot Ethereum ETFs at any moment from now. This will allow spot Ethereum ETF investors to earn additional returns from staking activities.
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.
