Bloomberg analyst Eric Balchunas has declared that the chances of approval for multiple crypto ETFs, including those focused on XRP, are now essentially 100%.
The ETF analyst issued his bold prediction after journalist Eleanor Terrett reported that the SEC had instructed prospective issuers of XRP, Solana, Dogecoin, Litecoin, and Cardano ETFs to withdraw their 19b-4 exchange filings.
Why XRP ETF Approval Appears Guaranteed
This directive follows the SEC’s recent approval of the Generic Listing Standards, which eliminates the need for the traditional 19b-4 filings and their lengthy review process. According to Terrett, prospective crypto issuers will withdraw their 19b-4 filings this week.
Reacting to the report, Balchunas stated that the outcome was anticipated. He noted that the old 19b-4 exchange filings are not required under the Generic Listing Standards.
Accordingly, he emphasized that the chances of approval for these crypto ETFs, including those tied to XRP, are now at 100%.
Nice scoop scoop from Eleanor here. This was something we thought could happen. It makes sense as you don't need 19b-4s in the post-GLS world. Just not sure how the launch schedule will work yet. More will be revealed soon.. https://t.co/yPRcfzjoBp
— Eric Balchunas (@EricBalchunas) September 29, 2025
With the SEC removing the need for the 19b-4 filing, Balchunas emphasized that the only step left is for the SEC’s Division of Corporation Finance to give formal approval to the S-1 filings. Accordingly, this makes the approval of crypto ETFs a matter of when, not if.
Approval Could Come Any Day
Underscoring the momentum, Balchunas pointed out that prospective issuers of Solana ETFs have already filed their fourth amendment. Reports indicate that issuers aiming to launch XRP ETFs in the U.S. were required to file their final amendments last week.
Following the submission of final amendments for spot crypto ETFs, Balchunas urged investors to be prepared, noting that approval “could come any day.”
Meanwhile, prediction platform Polymarket has already settled its wager on whether an XRP ETF would launch this year, with a firm “Yes.”
The outcome follows the SEC’s tacit approval of the REX-Osprey XRP ETF (XRPR), which debuted impressively with $37.75 million in first-day trading volume.
The REX-Osprey XRP ETF currently holds $31.8 million in assets under management (AUM), with a daily inflow of $5.3 million. Investors also expect the several spot XRP ETFs under SEC review to draw strong demand if approved.
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