Bloomberg Analyst Confirms Crypto ETF Approvals ‘100%’ Certain, XRP and Solana Take Spotlight

Highlights:

• Bloomberg analyst says crypto ETF approvals are now almost 100% certain.
• SEC will review six spot XRP ETF applications in October this year.
• Expert predicts XRP could rally toward $33, fueled by strong institutional buying.

Bloomberg ETF analyst Eric Balchunas said crypto ETF approvals are now “100%” certain. He added that Solana ETFs “could come any day” after the fourth amendment filing. This comes after the SEC approved new listing standards on September 18. These rules remove the need for separate 19b-4 filings and make the process easier for crypto ETFs beyond Bitcoin and Ethereum.

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. The baby could come any day. Be ready. https://t.co/5JtfTm82Wi

— Eric Balchunas (@EricBalchunas) September 29, 2025

Balchunas said the new listing rules make 19b-4 filings and their timing “meaningless.” Now, only S-1 registrations wait for approval from Corporate Finance. On September 27, seven big asset managers, Franklin Templeton, Bitwise, Grayscale, VanEck, Fidelity, CoinShares, and Canary Capital, filed updated S-1 documents for spot Solana ETFs.

Another flurry of S-1 amendments filed today on spot sol ETFs…

Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, & Canary.

Includes staking (yes, bodes well for spot eth ETF staking).

Guessing these are approved w/in next two weeks. pic.twitter.com/g13NDFKSEU

— Nate Geraci (@NateGeraci) September 26, 2025

On September 29, the SEC asked issuers of proposed ETFs for Litecoin, XRP, Solana, Cardano, and Dogecoin to withdraw their pending 19b-4 filings. This follows the SEC’s approval of generic listing standards. Now, exchanges like Nasdaq, Cboe BZX, and NYSE Arca can list crypto ETFs under standard rules without needing individual approvals each time.

Issuers now move forward directly with S-1 registration statements, the final step before launch. Before, each ETF needed two separate approvals, taking nine months or more. With the new generic standards, the process can take as few as 75 days.

BOOM: SEC has approved the generic listings standards that will clear way for spot crypto ETFs to launch (without going through all this bs every time) under '33 Act so long as they have futures on Coinbase, which currently incl about 12-15 coins. pic.twitter.com/E9FXrniXRS

— Eric Balchunas (@EricBalchunas) September 17, 2025

However, his colleague James Seyffart warned that a possible U.S. government shutdown could delay the timing of approvals. Still, he said the new rules mean approval is very likely to happen eventually.

XRP ETF Approval Likely in October as SEC Reviews Multiple Filings

Attention is now on October, when the SEC will review six spot XRP ETF applications in just one week. Grayscale’s filing comes first on October 18, followed by 21Shares, Bitwise, Canary Capital, and CoinShares, with WisdomTree’s review wrapping up on October 24.

To move things along faster, the SEC has also canceled delay notices for XRP, Solana, and other crypto ETF products, which could mean a final decision is near. Backing Balchunas’ view, Polymarket shows approval odds for an XRP ETF at over 99%, making it seem more about “when” it will be approved rather than “if.”

Expert Predicts $33 XRP Price Target

Crypto analyst EGRAG Crypto has given another very bullish prediction for XRP. He believes the price could reach as high as $33 in the next cycle. In past cycles, XRP gained around 350% in 2017 and more than 100% in 2021 in similar conditions. He thinks a similar rally could start as early as late November 2025.

#XRP – Green Ball and Then Blast ($17 – $27 – $33):

Many of you send me DMs or leave comments asking, "Aren't you tired of stating and showing different ways to reach these targets?"
👉My answer is simple: I am a believer in God, and I pray every day. I don’t stop praying. For… pic.twitter.com/zAYMkUgPQH

— EGRAG CRYPTO (@egragcrypto) September 28, 2025

XRP’s network is also getting stronger. The XRPL has added big upgrades that make it possible to use advanced financial tools. These include tokenized swaps connected to BlackRock’s BUIDL fund and VanEck’s VBill product, which could boost the ecosystem even more.

With all this happening, and the chance of an XRP ETF approval in October, many investors see the month as a turning point. Nate Geraci, president of ETF Store, agreed, calling the coming weeks “huge” for crypto ETFs. Right now, XRP is trading at about $2.84, showing a small drop in the last 24 hours. Even so, the coin is still 25% below its all-time high price.