Crypto ETF Optimism Surges as SEC Decision Deadline Looms - Withdrawals Fail to Dampen Bullish Sentiment
Wall Street's waiting game reaches its climax as cryptocurrency ETF approvals hang in the balance.
The Countdown Intensifies
Regulatory filings vanish faster than a Bitcoin private key, yet institutional confidence refuses to waver. Multiple applicants pulled their paperwork this week, but the market barely flinched - a telling sign of hardened conviction among major players.
Behind the Paperwork Shuffle
SEC commissioners face mounting pressure from both sides: progressive lawmakers pushing for innovation and traditional finance skeptics warning about volatility. The withdrawal strategy appears calculated - trim weaker applications to strengthen the core contenders.
The Institutional Groundswell
Pension funds and asset managers quietly position themselves for potential approval. Trading desks report unprecedented hedging activity from names that typically avoid crypto like it's 2008 mortgage-backed securities.
When traditional finance finally embraces disruption, even regulatory hurdles can't stop the momentum. The real question isn't if, but how much institutional money floods in once the gates open.
October Deadlines Approach
Attention now shifts to a wave of decisions expected this month. Multiple firms, including Grayscale, 21Shares, Bitwise, Canary Capital, CoinShares, and WisdomTree, have XRP ETF applications under review, with deadlines clustered between October 18 and October 24. The SEC’s decision to cancel previous postponements has fueled speculation that outcomes may arrive sooner than expected.
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Investor Sentiment Turns Bullish
Excitement has already spilled into the market. Analyst EGRAG Crypto has compared the current setup to past XRP cycles, noting explosive rallies of 350% in 2017 and over 100% in 2021. Based on those patterns, he suggests XRP could eventually target $33 if history rhymes.
For now, XRP trades just under $2.90, sitting well below its all-time high but within a consolidation zone many traders interpret as a staging ground. With ETF anticipation mounting, Optimism remains strong that a breakout could follow once approvals land.
Honestly the odds are really 100% now. Generic listing standards make the 19b-4s and their “clock” meaningless. That just leaves the S-1s waiting for formal green light from Corp Finance. And they just submitted amendment #4 for Solana. The baby could come any day. Be ready. https://t.co/5JtfTm82Wi
— Eric Balchunas (@EricBalchunas) September 29, 2025
