Growing optimism within the XRP community suggests that October could be a turning point for investors, with many speculating that substantial wealth could be generated in the coming month. The conversation is largely centered on the potential approval of several spot XRP exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Crypto commentator Kenny Nguyen recently argued that “many XRP millionaires will be born in October,” citing the likelihood of spot ETFs being approved and launched within the month. His view mirrors sentiments expressed by other figures in the community, including the influencer CryptoBull, who predicted that September may remain uneventful, but October could mark a decisive shift for XRP. MANY XRP MILLIONAIRES WILL BE BORN IN OCTOBER AFTER THE SPOT XRP ETFS APPROVAL & KICKED IN — Kenny Nguyen (@mrnguyen007) September 7, 2025 ETF Deadlines Approaching The SEC is expected to deliver rulings on multiple XRP ETF applications between October 18 and 25. At least eight major issuers, such as Grayscale, Franklin Templeton, WisdomTree, Bitwise, 21Shares, ProShares, Canary Capital, and CoinShares, are awaiting decisions. Grayscale is positioned at the forefront, with a deadline of October 18 for its application to convert its $500 million XRP Trust into a spot ETF. Analysts suggest that overall inflows from approved products could reach $8 billion during the first year, with Grayscale and Franklin Templeton potentially accounting for $1 billion each. According to Bloomberg Intelligence, the probability of approval before year-end stands at 90–95%, supported by Ripple’s favorable legal outcome against the SEC and the agency’s broader shift toward approving crypto-based investment vehicles. Should approval occur, trading could begin within 24 to 48 hours, similar to the rapid rollout of Bitcoin spot ETFs earlier this year. Market Analysts Expect Breakout Potential Oliver Michel, CEO of Tokentus Investment AG, recently shared his perspective from the Frankfurt Stock Exchange, stressing that while Bitcoin remains important, altcoins such as XRP offer greater growth potential. He projected that leading altcoins could see gains of up to 300%, far surpassing Bitcoin’s more conservative upside. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Currently trading near $3.14, XRP has been consolidating, awaiting a decisive market trigger. Michel emphasized that ETF approval could serve as the catalyst, replicating the sharp market reaction observed after Bitcoin ETF approvals. The derivatives market is already signaling heightened interest. CME Group’s XRP futures surpassed $1 billion in open interest within just three months, while futures-based XRP ETFs now hold more than $800 million in assets. Analysts believe the introduction of spot ETFs could attract significant institutional capital, accelerating upward momentum. Who Stands to Benefit Most? While community forecasts vary, with some expecting XRP to reach $10 before year-end and others predicting $30 by 2026, the possibility of rapid gains has intensified discussion around potential “XRP millionaires.” Wealth creation will likely depend on existing holdings. For example, investors with approximately 100,000 XRP, valued at around $300,000 at current prices, would cross the $1 million mark if XRP were to hit $10 in October. Data from the XRP Rich List indicates that only 34,839 accounts hold at least 95,000 XRP, while more than 5.5 million wallets contain between 20 and 500 tokens. This distribution suggests that while many retail investors may benefit from price increases, only a relatively small group of holders possesses enough tokens to reach millionaire status in the near term. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Many XRP Millionaires Will Be Born In October. Here’s Why appeared first on Times Tabloid .