Wealth Manager Says Spot XRP ETF Poised for Approval Within Two Months

President of NovaDius Wealth Management, Nate Geraci, has suggested that spot XRP ETFs could be approved in the next two months

Geraci made this bold claim just days after the U.S. SEC postponed its decision on several spot XRP ETF applications. Earlier this week, the securities regulator failed to approve or disapprove the launch of several spot XRP exchange-traded funds from Bitwise, Grayscale, and CoinShares

An approved spot ETF would be a major milestone for XRP. These products would bring mainstream institutional access to XRP and possibly a stronger price floor driven by fund inflows

Crypto Regulatory Clarity Looms

Geraci’s projection is influenced by the U.S. favorable regulatory landscape for crypto, which he believes would pave the way for the launch of these XRP investment products

According to him, the United States will soon have a full regulatory framework for spot crypto ETFs, including those linked to XRP. Specifically, he mentioned that the CLARITY Act, which the U.S. House recently passed, is currently before the Senate

This bill seeks to establish a regulatory structure for the U.S. digital asset ecosystem, mitigate the legal uncertainty surrounding asset classification, and clarify the respective roles of the CFTC and SEC

Since the House has already passed the CLARITY Act, a similar action in the Senate will see the legislation move to the president’s desk for signing into law. However, the timeline for this action remains uncertain

Favorable Projections for Other Crypto ETFs

Meanwhile, the wealth manager projected that the SEC will also approve other spot ETFs linked to altcoins like Solana and Litecoin by October 2025

Additionally, he believes the SEC will also approve staking for existing spot Ethereum ETFs at any moment from now. This will allow spot Ethereum ETF investors to earn additional returns from staking activities