🐲SEC vs. Ripple Settlement Boosts Chances of an $XRP -Spot ETF Approval #MyCOSTrade

🦈Speculation about a settlement fueled bets on the SEC approving an XRP-spot ETF approval by December 2025. According to Polymarket, the odds of an approval sit at 93%, albeit down from a June 2 peak of 98%.#BlackRockETHPurchase

🐋A settlement, lifting the ban prohibiting XRP sales to institutional investors and lowering the $125 million penalty, would expedite an end to the Ripple case. In April, the parties agreed to withdraw their cross-appeal and appeals if Judge Torres granted the settlement terms. If the SEC withdraws its appeal against the Programmatic Sales of XRP ruling, it could approve pending XRP-spot ETF applications.#TrumpTariffs #SaylorBTCPurchase

🐬 XRP demand could surge if XRP-spot ETFs launch, potentially giving the token a similar price trajectory to bitcoin (BTC). BTC has gained 126% since the US BTC-spot ETFs began trading on January 11, 2024, and hauled in an impressive $44.25 billion of investor monies.

🐠 Amicus Curiae attorney John E. Deaton recently commented on the prospects of an XRP-spot ETF, Deaton stating:$ETH

“After the Bitcoin Spot ETF was finally granted (more like demanded – after being forced to fight Gensler’s Bad Faith SEC, which was found to have acted “arbitrary and capricious” in denying one), I said that I had zero doubts about Alt-Coin ETFs eventually following – and not just ETH ETFs – but XRP, SOL and others.”#TrumpMediaBitcoinTreasury

XRP Price Outlook: Court Filings and ETF News

🐝XRP rallied 2.19% on Tuesday, June 3, building on Monday’s 0.85% gain, closing at $2.2458. Notably, the token outperformed the broader market, which fell 0.30% to a total crypto market cap of $3.27 trillion.$BTC