XRP ETF Approval Odds Hit All-Time High of 92%: Polymarket
Highlights
- The odds for a spot XRP ETF in 2025 have spiked by 90%.
- Investors are hinging their optimism on a changing regulatory landscape in the US.
- However, the SEC has delayed several spot crypto ETF filings in recent weeks.
Enthusiasm for a spot XRP exchange-traded fund (ETF) has reached an all-time high, with investors targeting 2025 as the breakout year for the offerings. The coin is riding the momentum of a string of regulatory, legal, and technical victories, fueling fresh optimism for ETF approval.
XRP ETF Approval Odds In 2025 Climb To 90%
According to data from Polymarket, the likelihood of an XRP ETF in 2025 has risen to 90% amid changing market sentiment. The odds have risen by 20% since the start of May, with punters increasing the size of their bets for an ETF approval in 2025.
The SEC has previously delayed issuing a decision on the CoinShares spot ETF application, dousing the enthusiasm of investors. Last week, ETF approval odds stood at 83%, following the delayed SEC decision. Despite the delays, the general sentiment among investors is that the US SEC will approve an XRP ETF before the end of the year.
Several factors are fuelling the renewed approval hype on Polymarket. Firstly, the sheer volume of XRP ETF applications on the table of the SEC is swinging odds in favor of an approval in 2025. Bitwise, 21Shares, Canary Capital, Grayscale, and Franklin Templeton are asset managers with filings for an XRP ETF, with the community expecting an approval before the end of the year.
Furthermore, the successes with futures products are adding to the enthusiasm for a pure-play ETF. CME Group’s XRP Futures ETF went live in mid-May with impressive metrics, signaling market maturity.
A String Of Victories Project A Stellar 2025 For XRP
The optimism for an SEC approval in 2025 is gaining ground on the heels of several wins by Ripple. The latest in the impressive haul is RLUSD’s approval in Dubai by financial authorities after a stringent licensing process.
Furthermore, the decision of crypto exchange Uphold and Flare Networks to float a DeFi-focused XRP ETF has increased the odds. Crypto.com has joined the fray with its own XRP ETF product, contributing to the ETF hype.
On the legal side of things, Ripple and the SEC are hurtling toward wrapping up their long-running legal dispute. Both parties have encountered unexpected developments as Judge Torres declined their revised settlement agreement due to a procedural flaw in the filing.
Nonetheless, experts have argued that the approval of an XRP spot ETF in 2025 will have a far-reaching effect on the XRP price. Alongside the soaring odds, XRP flashed a buy signal, rising by nearly 6% over the last day.
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