Bloomberg Intelligence senior ETF analyst Eric Balchunas says the odds of spot ETFs for XRP and Dogecoin winning US approval are now 100%, arguing that last week’s rule change to adopt generic listing standards has rendered the old approval clock irrelevant and left only registration statements awaiting a final sign-off from the SEC’s Division of Corporation Finance.

“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,” he wrote, adding that applicants for Solana ETFs have already filed another round of amendments, a sign the process is in its final stages. “The baby could come any day. Be ready.”

Balchunas’ call follows a flurry of developments triggered by the SEC’s September 18 approval of “generic listing standards” at NYSE Arca, Nasdaq and Cboe. That decision allows exchanges to list certain commodity-based ETPs—including crypto spot products that meet the criteria—without submitting a separate rule change under Exchange Act Section 19(b).

In effect, the long, deadline-driven 19b-4 process that governed coin-by-coin approvals is no longer required for qualifying products; instead, the remaining gating item is the effectiveness of an issuer’s S-1 registration. The agency framed the change as bringing commodity ETPs onto a more streamlined path, while Commissioner Hester Peirce emphasized that, once an ETP fits the standard, an exchange can list it without prior 19(b) approval.

What This Means For Spot XRP And Dogecoin ETFs

The near-term catalyst for XRP and DOGE specifically emerged from reporting by Eleanor Terrett, who said the SEC has asked issuers of proposed spot ETFs for Litecoin, XRP, Solana, Cardano and Dogecoin to withdraw their pending 19b-4 filings because those forms are no longer needed in t

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Author: Jake Simmons