Bloomberg Analyst: Due to positive signals from the SEC, the approval rate for the XRP ETF has surged to 95%.

Gate News bot message, Bloomberg ETF analyst James Seyffart shared on social media platform X that he and ETF analyst Eric Balchunas have increased the approval odds for most Spot Crypto Assets ETF applications. Seyffart stated: "We believe that the SEC's involvement is a very positive signal."

The types of Crypto Assets involved in these applications are diverse, including Ripple (XRP), Litecoin (LTC), Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), HBAR, Avalanche, SUI, and Tron. XRP has become one of the leading candidate coins, attracting the participation of major asset management companies such as Grayscale, Bitwise, Canary, 21Shares, Wisdomtree, Coinshares, and Franklin Templeton.

The U.S. Securities and Exchange Commission (SEC) has recognized the 19b-4 application for the XRP ETF, setting the final decision deadline for October 17, 2025. Seyffart emphasized the uncertainty of the specific timing in another X post: "These approval/release times are even more uncertain."

He clarified: "It may be something we discuss in the next month or two, or it might be something that waits until October or even later. It's just a matter of time, not a matter of whether it will happen."