There is growing optimism that the United States Securities and Exchange Commission (SEC) will approve pending filings for an XRP exchange-traded fund (ETF). According to Polymarket data, the possibility of the regulatory body approving has soared into the 90% zone.
Legal clarity fueling Polymarket traders’ confidence
Notably, stakeholders believe that the XRP ETF has a 93% chance of approval despite the SEC's long delays. XRP investors and market participants remain confident that the regulatory body will shift ground before the end of 2025.
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For perspective, crypto index fund manager Bitwise filed an S-1 registration statement with the SEC over eight months ago. The filing came when Ripple and the SEC were still in a legal battle about the status of XRP, whether it is a security or not.
However, both parties have decided to end the legal battle, with final approval expected soon. This has increased the chances of XRP ETF approval before December 2025 to 93% by Polymarket bettors.
Despite this settlement, the SEC has continued to delay its decision on several pending XRP ETF applications before it. The SEC has delayed the decision on Grayscale’s XRP ETF application and moved it up to sometime in October 2025. The same postponement occurred with Franklin Templeton in April.
It is worth mentioning that the SEC has up to 240 days to review an application. During this period, the regulator aggregates public opinion and assesses relevant data regarding the application filed.
CME XRP futures' launch adds to bullish sentiment
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Meanwhile, as the XRP community and the broader crypto community await the SEC’s decision, CME Group has launched XRP futures. They debuted on May 19, 2025, with CME’s Tim McCourt lauding theXRP's utility.
Many anticipate the XRP ETF gaining traction once the SEC gives the green light, and optimism is mounting that it could impact XRP’s price. As of press time, the XRP price was changing hands at $2.25, representing a 1.78% uptick in the last 224 hours.
