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XRP ETF Approval Odds Surge as Token Hits New Record High

Author: Content Editor
The odds of an XRP ETF being approved by the U.S. Securities and Exchange Commission (SEC) in 2025 have significantly increased, according to data from Polymarket. Currently, there is a 71% chance of an XRP ETF receiving the green light this year, although the low trading volume of the market should be considered. The odds of approval by July 31 are at 52%. With SEC Chair Gary Gensler's departure imminent, there is speculation about the SEC's stance on approving more altcoin ETFs. Additionally, there is discussion surrounding the potential listing and trading of shares of Canary Capital's Litecoin ETF on Nasdaq. The XRP token has also experienced a rally, reaching a new record high, following rumors of a potential reserve consisting of American coins like XRP. Furthermore, it has been reported that the SEC may drop certain non-fraud crypto enforcement cases.

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