CandleFocus What’s the Latest on XRP Spot ETF Approval? Analysts Assess the Chances of Approval
2025-03-06
Author: Content Editor
The possibility of a spot exchange-traded fund (ETF) for XRP is gaining traction as President Donald Trump's plan to include XRP in a national cryptocurrency reserve increases optimism. Traders on Polymarket set the probability of SEC approval for an XRP ETF at 78%, up 8% since Trump's announcement. The XRP price has risen 6.4% this year, and speculation regarding an ETF improving its regulatory standing has contributed to this increase. The SEC is currently reviewing five XRP ETF applications, with a decision expected by mid-October. Experts suggest that Trump's support for altcoins like XRP could accelerate ETF approvals for digital assets beyond Bitcoin and Ethereum. JPMorgan analysts estimate that XRP ETFs could attract $8 billion in investment inflows in the first year.
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