cryptoapprovals

Bloomberg Gives Green Light: 100% Shot for XRP & Dogecoin Spot ETFs

Bloomberg Intelligence's top ETF analyst Eric Balchunas declares spot ETFs for XRP and Dogecoin a lock at 100% approval odds, thanks to last week's SEC rule overhaul on generic listing standards. This shift scraps the old approval timeline and 19b-4 filings, streamlining the path to just S-1 registration nods from the SEC's Division of Corporation Finance.

"100% odds now. Generic listing standards make 19b-4s and the 'clock' irrelevant. Only S-1s pending Corp Finance sign-off," Balchunas noted, spotlighting Solana ETF applicants' fresh revisions as a sign the finish line is close. "Baby's due any day. Get set."

The buzz stems from the SEC's September 18 greenlight on "generic listing standards" for NYSE Arca, Nasdaq, and Cboe, empowering exchanges to roll out commodity ETPs—like qualifying crypto spot funds—sans bespoke Exchange Act Section 19(b) proposals.

This fast-tracks the landscape, axing 19b-4 needs and prompting the SEC to nudge issuers of LTC, XRP, SOL, ADA, and DOGE ETFs to yank those filings. Analyst Terrett flagged potential withdrawals kicking off this week, later stressing it's no setback—just housekeeping.

Balchunas dubbed Terrett's insight a "solid scoop," aligning with insider bets post-GLS adoption. "We saw this coming; 19b-4s are redundant now." Proof in the pudding? EDGAR filings show Solana frontrunners like VanEck and 21Shares dropping "Amendment No. 4" tweaks last week—classic pre-approval gloss.

#XRP #DOGE #ETFBoom #CryptoApprovals $XRP
$DOGE

Bloomberg Gives Green Light: 100% Shot for XRP & Dogecoin Spot ETFs

Bloomberg Intelligence's top ETF analyst Eric Balchunas declares spot ETFs for XRP and Dogecoin a lock at 100% approval odds, thanks to last week's SEC rule overhaul on generic listing standards. This shift scraps the old approval timeline and 19b-4 filings, streamlining the path to just S-1 registration nods from the SEC's Division of Corporation Finance.

"100% odds now. Generic listing standards make 19b-4s and the 'clock' irrelevant. Only S-1s pending Corp Finance sign-off," Balchunas noted, spotlighting Solana ETF applicants' fresh revisions as a sign the finish line is close. "Baby's due any day. Get set."

The buzz stems from the SEC's September 18 greenlight on "generic listing standards" for NYSE Arca, Nasdaq, and Cboe, empowering exchanges to roll out commodity ETPs—like qualifying crypto spot funds—sans bespoke Exchange Act Section 19(b) proposals.

This fast-tracks the landscape, axing 19b-4 needs and prompting the SEC to nudge issuers of LTC, XRP, SOL, ADA, and DOGE ETFs to yank those filings. Analyst Terrett flagged potential withdrawals kicking off this week, later stressing it's no setback—just housekeeping.

Balchunas dubbed Terrett's insight a "solid scoop," aligning with insider bets post-GLS adoption. "We saw this coming; 19b-4s are redundant now." Proof in the pudding? EDGAR filings show Solana frontrunners like VanEck and 21Shares dropping "Amendment No. 4" tweaks last week—classic pre-approval gloss.

#XRP #DOGE #ETFBoom #CryptoApprovals $XRP $DOGE