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Expert Reveals What Updated XRP ETF Filings Mean In Battle For Approval

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Bloomberg analyst James Seyffart has commented on the XRP ETF amendment filings and what they could mean in terms of a potential approval. These amendments followed the SEC’s delay of its decision on these funds till October, which is the final deadline. 

What The XRP ETF Amendment Filings Mean For Approval

In an X post, the Bloomberg analyst stated that the XRP ETF amendments have likely happened due to feedback from the SEC. He claimed that this was a good sign, although it was mostly expected. The Commission is known to provide input on these funds during the review period, similar to what happened with the Bitcoin and Ethereum ETFs. 

Seyffart’s comment came as issuers such as Grayscale, Canary Capital, Franklin Templeton, 21Shares, Bitwise, and WisdomTree all filed amended S-1s for their respective XRP ETF funds. Market expert Nate Geraci also commented on the filings, noting that it was highly notable for the issuers to file the amendments all at the same time. He further opined that it was a “very good sign.”

It is worth noting that these amendments came just after the SEC delayed its decision on these XRP ETFs. The Commission had a deadline this month to either approve or deny the applications, but chose to extend the review process to the final deadline, which comes up in October for these funds. 

According to Bloomberg analysts James Seyffart and Eric Balchunas, there is a 95% chance that the SEC approves these funds this year. Polymarket data shows that there is an 81% chance of approval this year. Optimism is also high, seeing as the SEC and Ripple have ended their long-running legal battle. 

XRP ETF Filings Would Have Never Happened Without Judge Torres’ Ruling

In an X post, pro-XRP lawyer John Deaton said that the XRP ETF filings would likely have never happened if not for Judge Analisa Torres’ ruling that XRP itself is not a security. This came as he reminisced on how the SEC argued years back that XRP was illegal and that, because it represented the efforts of Ripple, all tokens were deemed to be unregistered securities.

Deaton noted that fast forward to today, XRP ETFs are now on their way to approval, with a final deadline coming up for Grayscale’s filing on October 18, when this potential approval could happen. Based on how things went with the Bitcoin ETFs, the legal expert remarked that the best scenario for these XRP ETFs would mean trading begins within one to five days after approval. 

Meanwhile, if the XRP ETFs follow the Ethereum ETFs approval path, it would mean that they don’t begin trading until after about two months. The SEC had initially approved the 19b-4s for the Ethereum ETFs, but didn’t approve the S-1 filings until later on, as it still wanted additional disclosures back then. 

At the time of writing, the XRP price is trading at around $3, down almost 2% in the last 24 hours, according to data from CoinMarketCap.

XRP trading at $2.94 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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Crypto Trends

Trump-Backed World Liberty Gets Coinbase Approval With USD1 Stablecoin Listing

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In brief

  • Coinbase is listing the World Liberty Financial stablecoin, USD1.
  • World Liberty Financial is backed by President Donald Trump and its sons.
  • While a dollar-pegged stablecoin like USD1 won’t see a price jump from the listing, it could boost World Liberty’s visibility.

The USD1 stablecoin from World Liberty Financial—a crypto project backed by President Donald Trump and his sons—is now available for trading on Coinbase, the exchange announced on Thursday. 

America’s biggest crypto exchange announced the listing in a Thursday post on X. Eric Trump, the president’s son and World Liberty co-founder, then reposted it and said that more news related to the crypto project was coming “very soon.”

Decrypt reached out to WLF for comment but did not immediately receive a response.

Coinbase told Decrypt that it listed the coin because it “strives to bring to market the products and services our customers want.” American users can now access USDC, Tether’s USDT, USD1, PYUSD, USDS, PAX, and DAI stablecoins on Coinbase.

In March, Decrypt reported that World Liberty had launched its own stablecoin. A stablecoin is a digital token typically pegged to the value of the U.S. dollar, but sometimes other non-volatile assets like alternative fiat currencies or gold. 

Before listing USD1, Coinbase provided support for the two major stablecoins, USDT and USDC, and other smaller tokens. 

The announcement comes amid a wave of activity in the stablecoin market coinciding with the run-up to and passage of the GENIUS Act, which set guidelines for issuing and trading stablecoins in the U.S. In recent months, a number of major financial services companies and other entities have introduced stablecoin initiatives, or said they were exploring efforts in the space. 



Stablecoins are a key part of the crypto economy, because traders would use them to swiftly enter and exit digital asset transactions. Instead of using dollars on traditional banking rails, digital tokens accelerate the crypto trading process.

USD1 is planned to be usable on World Liberty Financial, a decentralized finance or DeFi platform announced in 2024. The Ethereum-based platform, which is being built with the Aave protocol, will provide crypto borrowing and lending services. However, it has yet to launch to the public.

In addition to the USD1 stablecoin, World Liberty has also launched its own native token, WLFI. That token is not currently tradable, though token holders voted in July to make it possible to buy and sell the Ethereum-based token.

Democratic lawmakers have called out World Liberty and its connection to President Trump, especially following the use of USD1 for a $2 billion investment from Abu Dhabi-based sovereign wealth fund MGX into leading crypto exchange Binance.

Even Republicans have suggested that Trump’s various crypto dealings—including World Liberty and his own personal Solana meme coin—have made it more difficult to advance crypto legislation in Washington.

However, the House and Senate ultimately passed the GENIUS Act stablecoin bill, which Trump signed into law in July.

Editor’s note: This story was updated with an expanded list of supported stablecoins on Coinbase.

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Market Expert Shakes Off SEC’s Delay Of XRP ETFs, Gives Timeframe For Approval

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The wait for an XRP exchange-traded fund (ETF) in the United States just got longer, but one leading market expert is not worried. The SEC recently postponed its decision on several spot XRP ETF applications, extending deadlines into October. Even so, Nate Geraci, President of The ETF Store, believes approval could come soon. Instead of seeing the delay as a setback, Geraci sees it as a sign that the regulatory groundwork is almost complete.

XRP ETFs Could Arrive Within 60 Days Amid SEC Delays

Geraci shared his outlook after the SEC pushed back its ruling on the 21Shares Core XRP Trust. The regulator had until August 20 to decide, but instead gave itself another 60 days, moving the deadline to October 19, giving time for reviewing public comments and addressing regulatory concerns under the Securities Exchange Act of 1934.

The postponement affects not just 21Shares but also other major firms waiting on XRP ETF decisions. Companies such as Grayscale, Bitwise, WisdomTree, Canary Capital, CoinShares, and Franklin Templeton all have applications under review. If the current schedule holds, the SEC will issue decisions in a tight window. Grayscale’s filing could see a ruling on October 18, followed by 21Shares on October 19, Bitwise on October 20, and Canary Capital and WisdomTree between October 24 and 25.

Market observers expect the SEC to handle these applications consistently, just as it did with earlier ETF approvals. Even with the delay, Geraci is still confident. In a post on X, he said that the “spot crypto ETF floodgates appear set to open in the next two months.” He explained that the framework for these funds is “nearly ready,” suggesting that the postponement is more of a formality than a real roadblock. 

Regulatory Shifts Signal Fast-Tracked Crypto Adoption

Geraci’s optimism for the XRP ETF approval ties to larger changes happening in U.S. financial regulation. He noted that the country is “nearly ready” for more spot crypto ETFs, with Ethereum staking approval expected soon and the Clarity Act under review in the Senate. He also said that the rest of the year “should be wild” as new rules for digital assets begin to take shape.

He shares the same view as Fed Governor Michelle Bowman, who spoke at the Wyoming Blockchain Symposium, saying change is coming and asked banks and regulators to be more open to new tech. She argued that banks should not cling to an overly cautious approach, since doing so could cause the U.S. to fall behind in the global race for financial innovation.

Bowman also said that regulation and innovation do not have to work against each other. In her words, the US must choose to lead the future of finance or risk falling behind. Congress has already passed the GENIUS Act, which sets rules for stablecoins. Industry participants are watching the Senate’s Digital Asset Market Clarity Act, which may split oversight between the SEC and the CFTC. 

Price fails to reclaim $3 | Source: XRPUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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401(k) Crypto Retirement plans ‘bigger’ than Bitcoin ETF approval: analyst
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401(k) Crypto Retirement plans ‘bigger’ than Bitcoin ETF approval: analyst

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The inclusion of cryptocurrency in US retirement plans could mark a milestone for Bitcoin adoption and unlock billions of dollars in new capital, potentially pushing the asset above $200,000 by the end of 2025, according to André Dragosch, the head of European research at crypto asset manager Bitwise. 

President Donald Trump paved the way for cryptocurrency inclusion in US 401(k) retirement plans after signing an executive order on Aug. 7, granting Americans access to digital assets through their retirement plans.

The inclusion of crypto in 401(k) plans may be even more significant for the Bitcoin (BTC) price than the approval of the US spot Bitcoin exchange-traded funds (ETFs) in January 2024, Dragosch said.

This “bullish” development may be even “bigger than the US Bitcoin ETF approval itself,” signaling another $122 billion worth of new capital, assuming a modest 1% portfolio allocation, Dragosch told Cointelegraph during the Chain Reaction daily X spaces show on Monday, throwing in a price prediction for good measure:

“The official prediction remains $200,000 by the end of the year.”

“If you look at 401(K) and defined-contribution retirement plans in the US, they are huge,” said Dragosch, adding that 1% is a “relatively conservative” allocation estimate for the $12.2 trillion industry.

Is Bitcoin Headed for a 2025 Peak? Or is the 4-Year Cycle Dead? https://t.co/DckFjvkJIx

— Cointelegraph (@Cointelegraph) August 18, 2025

Including digital assets in retirement plans will enable 401(k) portfolio managers to invest in Bitcoin ETFs, which may push Bitcoin’s price to new all-time highs, flashing another optimistic signal for Bitwise’s $200,000 Bitcoin price target for the end of 2025.

Related: Bitcoin’s corporate boom raises ‘Fort Knox’ nationalization concerns

Fed policy, retirement plans seen as dual drivers

Based on Bitwise’s survey for financial advisers, most portfolio managers are more likely to recommend a 2.5% or 3% Bitcoin allocation for retirement plans, suggesting more significant inflows than the initial 1% allocation.

The first Bitcoin inflows from retirement plan managers may come as soon as this fall, coinciding with the first expected interest rate cut by the US Federal Reserve, which may drive Bitcoin to new highs, said Dragosch, adding:

“If you see further Fed rate cuts, there’s definitely a case for $200,000 by the end of the year.”

Markets are pricing in an 83% chance that the Fed will keep interest rates steady during the next Federal Open Market Committee meeting on Sept. 17, according to the latest estimates of the CME Group’s FedWatch tool.

Fed target interest rate probabilities. Source: CME Group’s FedWatch tool

Related: Analysts see Bitcoin buyer exhaustion as retail shifts to altcoins

Beyond improving monetary policy expectations, Bitcoin adoption may also be accelerated by the financial incentive of 401(k) plan providers to offer Bitcoin ETF exposure.

BlackRock, Fidelity and Vanguard are among the largest retirement plan providers in the US. While Vanguard has yet to “greenlight” crypto ETFs, “BlackRock and Fidelity have a huge economic incentive to include these Bitcoin ETFs in their standard plans,” said Dragosch.

US spot Bitcoin ETF overview by market share. Source: Dune 

BlackRock is the issuer of the largest Bitcoin ETF, the iShares Bitcoin Trust, with over $84 billion in assets under management, accounting for 57.5% of the total market share, while Fidelity’s ETF is the second-largest, holding  $22.4 billion, accounting for 15.3% of the total market share, Dune data shows.

Last Friday, US Securities and Exchange Commission Chair Paul Atkins confirmed that the regulatory agency is working with the Trump administration to enable retail investors’ retirement plan access to private equity, including crypto assets, but urged the necessity of “proper guardrails” around alternative investments.

Magazine: Crypto traders ‘fool themselves’ with price predictions — Peter Brandt





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Japan Eyes Approval Of Yen-Backed Token

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Japan is inching towards the approval of its first yen-backed stablecoin, with regulators likely to approve it as soon as October.

Nikkei reports that the token, named JPYC, will be issued by Tokyo fintech company JPYC and will be backed by the Japanese yen with reserves like bank deposits and government debt.

Stablecoin Target Remittances And Corporate Payments

The forthcoming launch follows a 2023 revision of Japan’s Financial Services Agency’s legal requirements classifying stablecoins as “currency-denominated assets.”

With this regulation, only licensed money transfer companies, trust companies, and banks may issue them. JPYC is in the process of registering as a money transfer company within the month, which will enable selling tokens shortly afterward.

The company’s goal is ambitious. Within the next three years, it plans to sell 1 trillion yen’s worth of JPYC, roughly $6.8 billion at the current rate of 147 yen per dollar.

🇯🇵 Japan to greenlight first yen-based stablecoin.

The Financial Services Agency will approve the issuance of Japan’s first yen-denominated stablecoin as early as autumn, with the aim of using it for international remittances and more.

— World of Statistics (@stats_feed) August 18, 2025

The tokens might be utilized for cross-border remittances, corporate payments abroad, or trading in decentralized finance markets.

News also indicates hedge funds dealing in cryptocurrencies and family offices handling money of rich investors are already evincing interest.

Carry Trades Attract Institutional Interest

Market observers think that JPYC can also find use in carry trades, which exploit the disparity in interest rates among currencies.

That prospect has attracted institutional interest at a point when stablecoins are becoming popular worldwide.

BTCUSD trading at $115,718 on the 24-hour chart: TradingView

Dollar-backed tokens continue to hold sway, with the overall value of all stablecoins recently hitting more than $250 billion.

Tether’s USDT and Circle’s USDC continue to be used the most for trading and settlements.

Yet, Japan’s attempt to launch a regulated yen-backed token may signal the way toward increased regional adoption in Asia, where dollar-denominated stablecoin alternatives are being monitored closely.

Regulated Path Offers Predictability

JPYC’s approval would highlight Japan’s stricter but clearer approach compared to many other countries.

Analysts say the framework gives companies more certainty as they test blockchain-based settlement systems without fear of regulatory ambiguity.

According to estimates, the global stablecoin market could swell to nearly $4 trillion by 2030, more than 10 times its current size.

And if yen-pegged instruments, such as JPYC, gain traction, they could capture some of that growth and resonate with Asian investors looking for alternatives to dollars.

The Japanese move also comes as governments across the globe heighten their monitoring of stablecoins due to fears about financial stability.

Featured image from CNN, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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