The approval of the ETF for XRP could attract up to $5 billion in funds in its first month of trading. The SEC's decision in October will mark a key moment for XRP in the future ETF market. Ripple's partial legal victory has sparked optimism among investors, making XRP poised to become a significant player on Wall Street. Expectations surrounding the potential U.S. XRP exchange-traded fund ( ETF ) have reached a peak. With approval nearly inevitable, experts believe this launch could trigger billions of dollars in inflows. Nate Geraci, head of the ETF Store, emphasized that it is almost certain, and predictions suggest that there could be $5 billion flowing into the market in the first month. Geraci's confidence contrasts with the prediction markets, which currently put the odds at 87%, a figure he believes significantly underestimates the ETF's potential impact. October could be a turning point for XRP in the cryptocurrency industry, marking a critical month as the U.S. Securities and Exchange Commission ( SEC ) will issue several rulings regarding XRP-related ETFs. Grayscale, 21Shares, and Bitwise will respectively submit approval applications on October 18. Interestingly, the decision deadlines are concentrated in the middle of the month, putting significant pressure on investors and industry observers. If approved, XRP will be treated by regulators like Bitcoin and Ethereum. The tumultuous history with regulators has always been an obstacle for Ripple, but its partial successes in 2023 have changed the game. The legal dispute between Ripple and the SEC has led to a growing perception that regulatory challenges will no longer be the primary hurdle for cryptocurrencies. Consequently, major financial industry players have developed new interest in XRP. The CEO of Canary Capital recently referred to XRP as the second most well-known cryptocurrency on Wall Street after Bitcoin, making the digital asset a prime candidate for an ETF. An increasing number of cryptocurrency ETFs are awaiting approval. XRP is not the only cryptocurrency fund waiting for approval. In fact, there are currently 92 crypto-related funds awaiting approval, covering a range of digital assets from Bitcoin to altcoins. Solana leads with eight pending applications, followed by XRP with seven. This surge in applications suggests that regulators may soon open the floodgates for a new wave of crypto ETFs. Given XRP's prominent position, it is viewed as a strong contender for approval. The article "XRP ETF Approval Now Nearly Inevitable as October Approaches" appeared in Crypto Front News. Visit our website to read more interesting articles about cryptocurrencies, blockchain technology, and digital assets.