Expert Reveals What Updated XRP ETF Filings Mean In Battle For Approval

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Ah, the endless dance of bureaucracy and financial engineering! James Seyffart, Bloomberg’s very own oracle, has offered his profound insights into the XRP ETF amendment filings, which have somehow managed to make it past the SEC’s ever-diligent review process. The amendments, you see, come in the wake of the SEC’s “gracious” delay of their decision, which, coincidentally, has been postponed until the final, all-important October deadline. But why bother with speed when you can play the waiting game, right?

The Truth Behind The XRP ETF Amendments

Now, according to Seyffart (who, let’s face it, likely knows more about the SEC’s internal workings than the SEC itself), these amendments were probably the result of some gentle feedback from the Commission. Ah, the sweet sound of “suggestions,” such a polite way of saying “fix this or we’ll drag our feet forever.” However, Seyffart assures us that this is “a good sign,” even though it’s what we all expected. It’s almost like a game of financial musical chairs where everyone is waiting for someone to finally say “go.”

To add some spice to the mix, multiple issuers-Grayscale, Canary Capital, Franklin Templeton, 21Shares, Bitwise, and WisdomTree-have all filed their amended S-1s at the same time. How charmingly coordinated! One might even call it a “very good sign,” or just a bunch of lawyers and executives with synchronized watches. Whatever floats the boat, right?

Not to be left out of the fun, the SEC decided to delay its decision even further, because why rush when you can have everyone on edge until the last possible moment? The deadline is now looming in October, and the question remains: Will they approve, or will they pull the rug out from under everyone? Decisions, decisions.

And, oh joy, according to Bloomberg’s Seyffart and his partner-in-analysis Eric Balchunas, there’s a 95% chance that the SEC will approve these funds by year’s end. If that doesn’t sound like a solid bet, I don’t know what does! Meanwhile, Polymarket (because of course, we can’t trust anyone unless there’s a market for it) says the chances are an 81% certainty. The whole thing reeks of optimism, especially with the SEC and Ripple finally ending their little squabble. Oh, how touching!

Let’s Not Forget The Judge Who Made This Possible

And then, there’s John Deaton, the legal knight in shining armor for XRP. He claims, and let’s be honest, he’s probably right, that without Judge Analisa Torres’ ruling-basically saying that XRP is not a security-we wouldn’t be talking about these filings at all. The SEC, in its infinite wisdom, had once deemed XRP illegal, a clear danger to the financial ecosystem. Fast forward to today, and we have XRP ETFs almost on the verge of approval. What a journey! Just think, if Judge Torres hadn’t made that ruling, we’d still be in the pre-historic age of SEC regulation, wondering if XRP was a demon or an angel.

Deaton is practically nostalgic about the days when the SEC insisted that XRP was a security, and now, here we are, waiting for October 18th, the grand day of potential approval for Grayscale’s filing. Just a few short days after approval (if all goes according to plan), we could see XRP ETFs finally trading. Imagine the chaos, the joy, the collective sigh of relief from anyone who’s followed this circus for years!

And if, by some cosmic glitch, these ETFs follow the Ethereum path (you know, the one where the SEC delays approval for two months because they want “more disclosures”), we might be in for a little longer of a wait. But hey, it’s the SEC; what’s a couple of months when you’ve been waiting years?

As of the latest data, XRP is trading at a modest $3, down nearly 2% in the past 24 hours. Because who needs consistency in price when you have a thrilling regulatory rollercoaster ahead?

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2025-08-25 23:14