Expert Reveals What Updated XRP ETF Filings Mean In Battle For Approval

Bloomberg analyst James Seyffart has commented on the XRP ETF amendment filings and what they could mean in terms of a potential ￰0￱ amendments followed the SEC’s delay of its decision on these funds till October, which is the final ￰1￱ The XRP ETF Amendment Filings Mean For Approval In an X post , the Bloomberg analyst stated that the XRP ETF amendments have likely happened due to feedback from the ￰2￱ claimed that this was a good sign, although it was mostly ￰3￱ Commission is known to provide input on these funds during the review period, similar to what happened with the Bitcoin and Ethereum ETFs . Seyffart’s comment came as issuers such as Grayscale, Canary Capital, Franklin Templeton, 21Shares, Bitwise, and WisdomTree all filed amended S-1s for their respective XRP ETF ￰4￱ expert Nate Geraci also commented on the filings, noting that it was highly notable for the issuers to file the amendments all at the same ￰5￱ further opined that it was a “very good sign.” It is worth noting that these amendments came just after the SEC delayed its decision on these XRP ￰6￱ Commission had a deadline this month to either approve or deny the applications, but chose to extend the review process to the final deadline, which comes up in October for these ￰7￱ to Bloomberg analysts James Seyffart and Eric Balchunas, there is a 95% chance that the SEC approves these funds this ￰8￱ data shows that there is an 81% chance of approval this ￰9￱ is also high, seeing as the SEC and Ripple have ended their long-running legal ￰10￱ ETF Filings Would Have Never Happened Without Judge Torres’ Ruling In an X post , pro-XRP lawyer John Deaton said that the XRP ETF filings would likely have never happened if not for Judge Analisa Torres’ ruling that XRP itself is not a ￰11￱ came as he reminisced on how the SEC argued years back that XRP was illegal and that, because it represented the efforts of Ripple, all tokens were deemed to be unregistered ￰12￱ noted that fast forward to today, XRP ETFs are now on their way to approval, with a final deadline coming up for Grayscale’s filing on October 18, when this potential approval could ￰13￱ on how things went with the Bitcoin ETFs , the legal expert remarked that the best scenario for these XRP ETFs would mean trading begins within one to five days after approval.

Meanwhile, if the XRP ETFs follow the Ethereum ETFs approval path, it would mean that they don’t begin trading until after about two ￰14￱ SEC had initially approved the 19b-4s for the Ethereum ETFs, but didn’t approve the S-1 filings until later on, as it still wanted additional disclosures back ￰15￱ the time of writing, the XRP price is trading at around $3, down almost 2% in the last 24 hours, according to data from CoinMarketCap.