- XRP ETF approval delayed by the SEC, with new decision deadlines set for mid-October.
- Nate Geraci predicts possible XRP ETF approval by October, signaling potential altcoin ETF momentum.
- Polymarket shows a 78% chance of XRP ETF approval this year, with October potentially a historic month.
XRP is once again at the center stage following the U.S. Securities and Exchange Commission’s (SEC) decision to put several ETF applications on hold. However, according to Nate Geraci, President of The ETF Store, an XRP ETF could be approved by October, marking a possible turnaround for altcoin ETFs and XRP.
Geraci stated that the SEC delayed its decision on several pending XRP ETF applications, establishing new deadlines for mid-October.
Among those awaiting clearance are Bitwise, CoinShares, 21Shares, Grayscale, and Canary Capital. The SEC’s decision-making period is scheduled for October 18–25.
Though such delays could be frustrating to investors, they indicate that the SEC is taking more time to carefully review the risks and practical implications of approving an XRP ETF.
Adding to optimism, prediction platform Polymarket shows a 78% probability that an XRP ETF will be approved before the end of this year.
XRP Could Surge This October
Regulatory expert Bill Morgan believes this October could be a historic month, not only as far as ETF certification is concerned, but also because Ripple awaits an answer to its bid for a U.S. national bank license.
If both outcomes are positive, October might prove to be one of the biggest months ever for XRP’s price.
Also Read | XRP Eyes $3.4 As Whale Transfers $605 Million
Regulatory Clarity and Ethereum Staking
This momentum is increasing as well, thanks to the recently passed CLARITY Act, which is currently awaiting Senate approval. The act would provide clearer rules for digital coins, potentially allowing tokens to be reclassified from securities to commodities once they become decentralized. It could remove major obstacles for Ripple and XRP.
Geraci also stated that the SEC might soon give its nod to Ethereum spot ETFs with staking capabilities, which could bring earnings opportunities to investors.
Also Read | XRP’s Bullish Spike: Can It Break $3.30 Resistance or Face a Downturn?
