In the dynamic world of cryptocurrency, discussions continue over the spot XRP ETF applications. Nate Geraci, President of ETF Store, has made a remarkable statement suggesting that the approval of these ETFs is almost certain. He further claimed that within the first month of approval, there could be a substantial influx of $5 billion into the ETFs. Prediction markets currently price the likelihood of approval at 87%.
The Anticipated Approval Might Arrive in October
The SEC is expected to make a final decision in October on applications from CoinShares, Canary Capital, and WisdomTree. October holds significance as XRP undergoes a process similar to that of Bitcoin 
$76,480 and Ethereum 
$2,265 ETFs. Ripple 
$1’s partial legal victory in 2023 has eased some obstacles for the applications, paving the way for a smoother approval process.
Canary Capital’s CEO recently highlighted that XRP is the most recognized cryptocurrency on Wall Street after Bitcoin. Despite past regulatory challenges, significant progress has been made. If the SEC grants approval, XRP could claim its place among ETF products within the U.S. market.
92 Crypto ETF Applications Await Approval
Currently, the SEC is reviewing a total of 92 cryptocurrency ETF applications. Among these, Bitcoin and Ethereum-based ETFs are prominent, though applications for altcoins are also notably high. Solana 
$83 leads with eight ETF applications, and XRP follows closely with seven.
An anticipated approval for XRP ETFs in October would be a significant step, highlighting the altcoin in the U.S. ETF market. Solana and XRP are prominent among the strongest candidates awaiting approval.
