The likelihood of an XRP ETF approval has increased to 70% on the predictions market Polymarket. This comes after XRP reached an all-time high of $3.39 and gained over 40% this week. Several asset management firms have filed applications for altcoin ETFs, fueled by the ongoing bull market and support from former President Trump. JPMorgan projects that XRP ETFs could attract over $14 billion in inflows in 2025. The odds on Polymarket jumping to 70% indicate growing confidence in an XRP ETF. There are currently four XRP ETF applications pending in the US, but the biggest hurdle is the SEC, which is still pushing for XRP to be treated as a security. However, with the upcoming inauguration of President-elect Trump and potential regulatory framework changes, it is anticipated that the SEC will drop its lawsuit against Ripple, increasing the likelihood of an XRP ETF approval. While XRP may not be the first altcoin to have an ETF in 2025, that honor is expected to go to Litecoin. Overall, while the likelihood of an XRP ETF approval is increasing, there are still obstacles to overcome.
Content Editor ( beincrypto.com )
- 2025-01-17
XRP ETF Approval Odds Soar to 70% on Polymarket
