Senior exchange-traded fund (ETF) analyst for Bloomberg, Eric Balchunas, has raised eyebrows in the crypto community by declaring that the approval of multiple crypto ETFs, including those tied to XRP, is now essentially guaranteed.
The bold forecast came shortly after Crypto America journalist and host Eleanor Terrett revealed that the U.S. Securities and Exchange Commission (SEC) instructed issuers of proposed XRP, Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), and Cardano (ADA) ETFs to withdraw their 19b-4 exchange filings.
“The [U.S. SEC] has asked issuers of LTC, XRP, SOL, ADA, and DOGE ETFs to withdraw their 19b-4 filings following the approval of the generic listing standards, which replace the need for those filings, ” Terrett wrote. [I]’m told withdrawals could start happening as soon as this week, she added.
The move, far from being a setback, represents a structural change in the SEC’s approach. The regulator recently approved new Generic Listing Standards, which eliminate the need for the older 19b-4 filings and their drawn-out review process.
According to Terrett, crypto ETF issuers will begin withdrawing their old filings this week. Reacting to the update, Balchunas noted that this outcome was widely anticipated, since the traditional exchange filings are no longer required under the new framework.
Why XRP ETF Approval Looks Certain
This regulatory shift means that the only step left is for the SEC’s Division of Corporation Finance to grant formal approval to S-1 filings. As stated by Balchunas, this makes the approval of crypto ETFs a matter of when rather than if.
To confirm this momentum, he highlighted that issuers of Solana ETFs have already submitted their fourth amendments, while applicants seeking to launch XRP ETFs in the U.S. were required to file their final amendments last week. He suggested that approval could come any day, urging investors to be prepared.
He wrote: “Honestly the odds are really 100% now. Generic listing standards make the 19b-4s and their ‘clock’ meaningless. That just leaves the S-1s waiting for formal green light from Corp Finance. And they just submitted amendment #4 for Solana.”
Read also: Flare Network Launches First XRP-Backed Stablecoin
The optimism has been further fueled by the early success of the REX-Osprey XRP ETF (XRPR), which launched with an impressive $37.75 million in first-day trading volume.
The fund holds approximately $31.8 million in assets under management (AUM) as of September 2025, drawing steady daily inflows of around $5.3 million.
For many investors, the SEC’s decision to clear away outdated hurdles signals a new chapter in crypto adoption. If spot XRP ETFs receive approval, demand is expected to surge, much like the initial inflows into Bitcoin ETFs earlier this year.
With regulatory clarity improving and market appetite growing, the launch of XRP ETFs could mark another major milestone in bringing XRP mainstream. The development could also impact its price positively.
At the time of writing, XRP is trading for $2.83, down 2% in the last 24 hours. As earlier reported by Nitadel, XRP could face a further 10% dip before another leg up.
