$XRP On June 3, the likelihood of the XRP ETF receiving approval increased

XRPUSD

for approval by 2025 to an all-time high of 98% on the Polymarket prediction platform.

This rise in optimism among investors comes despite recent delays by the U.S. SEC in decisions regarding spot XRP ETFs. This indicates confidence in the future of the altcoin within traditional financial markets.

Why is it likely that the XRP ETF will be approved by 2025?

In April, BeInCrypto reported that the U.S. SEC had postponed its decision on the ETF application for XRP from Franklin Templeton. The regulatory body set a review deadline of June 17. Furthermore, the ETF application for XRP from 21Shares faced a similar delay in late May.

These setbacks have weakened short-term confidence in the market. Polymarket data revealed that the chances of the XRP ETF getting the green light from the U.S. SEC by July 2025 have dropped to a historic low of 19%.

Despite these challenges, long-term sentiment remains significantly positive. At the time of writing this report, the odds of the XRP ETF being approved by December 2025 were recorded at 93%, after reaching 98% yesterday.

This indicates that many still expect the product launches in 2025, likely in the fourth quarter, coinciding with the deadline for the U.S. Securities and Exchange Commission's decision. Bloomberg ETF analyst James Seifart previously predicted that the final decision could come around October 18.

"If we are to see early approvals from the U.S. SEC on any of these assets -- I don't expect to see it until late June or early July at the earliest. It is likely to be in early Q4," Seifart wrote in a post on X.

Moreover, the launch of Bitcoin futures on May 19 has further bolstered expectations. Experts believe this could increase the chances of the SEC approving a spot Bitcoin ETF.

"The main reason for past rejections of ETFs by the U.S. SEC was the lack of a regulated and mature futures market. If the futures are regulated by the CFTC and show a strong correlation with prices in the spot market, this will increase market transparency and strengthen the case for ETF approval," said Bitunix analyst Dean Chen to BeInCrypto.

Meanwhile, it is worth noting that Bitcoin currently leads all altcoins with the highest number of ETF applications. Major asset managers, including Bitwise, 21Shares, Canary Capital, Grayscale, Franklin Templeton, ProShares, WisdomTree, CoinShares, Volatility Shares, Hashdex, MEMX, and Teucrium, have submitted applications to the SEC. These firms, which manage billions in assets, are betting on the increasing appeal of Bitcoin among institutional investors.

The growing confidence in the ETF approval has also positively impacted the price. According to BeInCrypto data, between May 14 and May 31, the altcoin experienced a significant decline of 23.08%.

However, since the beginning of June, Bitcoin has been on a steady recovery path, regaining 10% of its previous losses. At the time of publication, it was trading at $2.2, marking a 1.8% increase in the past 24 hours.#CUDISBinanceTGE #BlackRockETHPurchase