SEC Approves Generic Listing Standards for Crypto ETFs
The SEC has approved Generic Listing Standards (GLS), removing the lengthy 240-day review period for crypto ETFs. This landmark decision enables exchanges like Cboe, Nasdaq, and NYSE to list commodity-based trust shares, including XRP-focused funds, under streamlined rules.
Analysts argue the move could unleash a flood of new ETF launches in the coming months. The decision marks a significant regulatory shift that reverses years of cautious policies. For XRP, the approval sets the stage for spot ETF filings to gain momentum quickly.
Analysts Predict Wave of Spot ETF Approvals
Market experts are drawing parallels between today’s ETF approval and the 2019 ETF Rule for traditional markets. At that time, annual ETF launches more than tripled, a trend many expect crypto ETFs to mirror. Bloomberg’s James Seyffart and Bitwise CIO Matt Hougan both highlighted how the GLS could expedite XRP’s path. Pending applications from 21Shares, Grayscale, and WisdomTree may soon receive decisions. If approvals roll out swiftly, investor demand could push XRP higher.
Ripple’s Legal Victory Opens the Door for ETFs
Ripple’s recent legal settlement with the SEC removed one of the biggest hurdles facing XRP. In August, the U.S. Court of Appeals confirmed the dismissal of the regulator’s case against Ripple over programmatic XRP sales.
Judge Torres’ earlier ruling declared XRP not a security when sold on exchanges. This distinction provides critical legal clarity for ETF issuers now preparing their filings. With legal barriers resolved, XRP spot ETFs appear closer than ever to hitting the market.
REX-Osprey XRP ETF Launch Provides Market Test
On September 18, the REX-Osprey XRP ETF will debut, marking the first U.S.-based XRP exchange-traded product. The fund combines XRP holdings, XRP ETFs, and derivatives in a hybrid strategy. Analysts see its launch as an immediate test of institutional demand for XRP-linked products.
Strong inflows could validate the case for further spot ETF approvals. Conversely, weak interest may delay the broader wave of XRP ETF launches investors are anticipating.
Recommended Article: XRP Price Analysis: Bullish Divergence Signals Potential Breakout as Range Tightens Near $3.07 Resistance
XRP Price Targets $3.66 Amid Bullish Signals
XRP closed at $3.0838 on September 17, outperforming broader market averages and securing a hold above $3.00. Resistance levels at $3.20, $3.335, and the all-time high of $3.66 are now in play. Analysts suggest the ETF momentum provides the bullish catalyst needed to challenge these thresholds.
Support remains at $3.00, $2.80, and $2.50 in the event of renewed selling pressure. For traders, reclaiming $3.20 will be key to setting up the next breakout.
Bearish Scenarios Still Loom for XRP Traders
Despite ETF optimism, risks remain that could undermine XRP’s bullish structure. A weak showing from the REX-Osprey ETF could sap institutional demand. SEC delays or denials of spot ETF filings would further erode investor sentiment. Additional setbacks could include Ripple’s U.S. bank license rejection or failures in passing crypto-friendly legislation. In such cases, XRP could revisit support at $2.80 or even $2.50.
Bullish Outlook Could Spark New Highs for XRP
If momentum continues, XRP could see significant upside fueled by ETF approvals and institutional adoption. Analysts believe blue-chip companies may soon adopt XRP as a treasury reserve asset. Ripple securing a U.S.-chartered banking license could further solidify its role in global remittances.
Should SWIFT lose market share to Ripple technology, demand for XRP would climb sharply. These combined events could drive XRP toward $3.66 and potentially new all-time highs.
