# Bloomberg Analyst Predicts XRP ETF Approval Coming Soon
## Introduction
Bloomberg analyst Eric Balchunas has recently hinted at September or October as favorable timelines for the approval of altcoin Exchange-Traded Funds (ETFs), particularly the XRP ETF. This speculation follows the SEC’s introduction of a new listing standard for cryptocurrency Exchange-Traded Products (ETPs).
## Eric Balchunas Forecasts Approval Window
Eric Balchunas, a renowned analyst at Bloomberg, anticipates that September or October could mark the approval period for altcoin ETFs, with a specific focus on an XRP ETF being greenlit. His insights shed light on the evolving landscape of crypto investments within the regulatory framework.
## SEC’s New Listing Standard
The U.S. Securities and Exchange Commission has recently unveiled a fresh filing related to cryptocurrency Exchange-Traded Products. This development signals a shift in regulatory procedures, potentially paving the way for the approval of altcoin ETFs such as XRP.
## Potential Approval by October
Eric Balchunas’ assessment aligns with the ongoing progress in the regulatory environment surrounding cryptocurrency investments. The speculated approval of XRP ETF in September or October indicates a growing interest in diversifying investment options within the digital asset space.
## Conclusion
As the anticipation for altcoin ETF approvals builds up, Eric Balchunas’ forecast for an XRP ETF approval in September or October adds an exciting dimension to the evolving crypto investment landscape. With regulatory developments constantly shaping the industry, investors and enthusiasts eagerly await the outcome of these potential approvals. Stay tuned for further updates on the approval timeline for XRP ETF and other altcoin ETFs.
**The post [Bloomberg Analyst Predicts XRP ETF Approval In September Or October](#) appeared first on CoinGape.**