Updated Timeline for XRP and Cardano ETF Approvals

Nate Geraci, president of NovaDius Wealth Management, has outlined a revised outlook for when exchange-traded funds (ETFs) based on XRP and Cardano could receive regulatory approval in the United States. His comments arrive as the year draws to a close and interest in the launch of additional cryptocurrency ETFs continues to grow.

Regulatory Progress Sets the Stage for Approvals

According to Geraci, the approval process for new altcoin ETFs could soon accelerate due to recent developments involving the New York Stock Exchange (NYSE), Nasdaq, and the Chicago Board Options Exchange (CBOE).

These major exchanges have submitted applications to the U.S. Securities and Exchange Commission (SEC) for standardised rules covering cryptocurrency ETF listings. The implementation of these rules would create a consistent framework for approving such products, reducing procedural delays.

In addition to these regulatory filings, the exchanges have also lodged 19b-4 applications with the SEC on behalf of various asset managers, targeting ETFs for several cryptocurrencies, including XRP, Solana, and Cardano.

Geraci noted that more than 75 cryptocurrency ETF applications are currently under review by the SEC. He believes that once the standardized listing rules are adopted, approval for multiple altcoin ETFs, including those for XRP and Cardano, could follow quickly.

Geraci’s assessment suggests that the SEC could finalize the new ETF listing framework within the next two months. If that occurs, he expects a substantial number of new cryptocurrency ETFs to enter the market in a short period. This would mark the beginning of broader institutional access to a wider range of crypto assets.

Increasing Demand for Crypto ETFs

Market demand for cryptocurrency ETFs remains strong, which could benefit any new XRP and Cardano products. Geraci pointed to 2024 inflows as evidence of investor interest, with over $26 billion moving into crypto ETFs this year. Bitcoin spot ETFs accounted for $19 billion of that figure, while Ethereum spot ETFs attracted $7 billion.

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Most of the recent surge in interest has come in the past several months. In July alone, Bitcoin ETFs attracted $6 billion, and Ethereum ETFs collected $5.5 billion. Ethereum products also experienced five of their most active trading days during this period, reflecting growing investor engagement.

Geraci attributes this momentum to a favourable regulatory environment, citing measures such as the GENIUS Act, progress on the CLARITY Act, and recent SEC approval for in-kind creation and redemption processes for Bitcoin and Ethereum ETFs. The SEC has also launched “Project Crypto,” with Chair Paul Atkins signaling an intention to expand blockchain integration into the broader financial system.

Market Expectations for XRP and Cardano ETFs

Predictions from decentralized betting platform Polymarket indicate a high probability of approval for both products in 2025. The likelihood of a Cardano spot ETF being approved next year is estimated at 85%, up from 63% the previous week. For XRP, the projected approval probability before the end of 2025 stands at 79%, an increase from 66% as of August 7.

Financial analysts, including those at JPMorgan, have suggested that XRP and Solana ETFs could draw between $3 billion and $8 billion in investment once approved, underscoring the significant market potential for these products.

With the SEC advancing toward standardized listing requirements and demand for crypto ETFs at record levels, conditions appear promising for the launch of XRP and Cardano ETFs in the near term.

If Geraci’s projected timeline holds, approvals within the next two months could position these products to capture substantial investor interest, further expanding institutional participation in the cryptocurrency market.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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