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Bloomberg analyst Eric Balchunas has declared that the chances of approval for multiple crypto ETFs, including those focused on $XRP, are now essentially 100%.

The ETF analyst issued his bold prediction after journalist Eleanor Terrett reported that the SEC had instructed prospective issuers of $XRP, Solana, Dogecoin, Litecoin, and Cardano ETFs to withdraw their 19b-4 exchange filings.

Why $XRPETF Approval Appears Guaranteed

This directive follows the SEC’s recent approval of the Generic Listing Standards, which eliminates the need for the traditional 19b-4 filings and their lengthy review process. According to Terrett, prospective crypto issuers will withdraw their 19b-4 filings this week.

With the SEC removing the need for the 19b-4 filing, Balchunas emphasized that the only step left is for the SEC’s Division of Corporation Finance to give formal approval to the S-1 filings. Accordingly, this makes the approval of crypto ETFs a matter of when, not if.

Approval Could Come Any Day

Underscoring the momentum, Balchunas pointed out that prospective issuers of Solana ETFs have already filed their fourth amendment. Reports indicate that issuers aiming to launch $XRPETFs in the U.S. were required to file their final amendments last week.

Following the submission of final amendments for spot crypto ETFs, Balchunas urged investors to be prepared, noting that approval “could come any day.”

Meanwhile, prediction platform Polymarket has already settled its wager on whether an $XRPETF would launch this year, with a firm “Yes.”

The outcome follows the SEC’s tacit approval of the REX-Osprey $XRPETF (XRPR), which debuted impressively with $37.75 million in first-day trading volume.

The REX-Osprey $XRPETF currently holds $31.8 million in assets under management (AUM), with a daily inflow of $5.3 million. Investors also expect the several spot $XRPETFs under SEC review to draw strong demand if approved.

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