My people! What's up, friends! Look at this thing that's on fire in the world of cryptocurrencies. The experts from Bloomberg, James Seyffart and Eric Balchunas, those who are always on point, dropped the bomb! 💣 They're saying there's a 95% chance that the XRP ETF, the Ripple token, will be approved before the end of 2025. It's almost a done deal, huh!
Before they were at 75%, but now they've raised the stakes a lot. And why so much confidence, you may ask? Well, it turns out that the SEC, those people who regulate all the money in the United States, is speeding things up with these products. It seems they're putting the pedal to the metal to give the green light for a spot ETF of XRP. Can you imagine?
Moreover, there's a detail that gives them more confidence: XRP products already exist in futures format. It's as if the SEC has already taken a look and knows how things are moving. It's not a requirement, but it helps regulators feel more comfortable with the management and risks. It's like having the homework done in advance, you know what I mean? 😉
Right now, there are only Bitcoin and Ethereum ETFs approved in the U.S. stock market, and Gary Gensler, the head of the SEC, was the one who gave the green light. The crypto industry is going wild trying to figure out which will be the third on the list. If XRP is approved, that would be a clear signal that it's the third most important crypto for regulators, and that could change the game for future approvals. Some say the SEC might approve several at once to avoid causing too much commotion.
Although there's still a bit of gossip and speculation, the truth is that enthusiasm is through the roof. On betting platforms like Polymarket, 88% of people are already betting that there will indeed be an XRP ETF in 2025! That's almost as high as what the experts are saying!
Sure, there are others in line, like the funds from Solana and Litecoin, that are also making strong moves. But the thing is, one way or another, cryptocurrencies are about to take over the stock markets for good. So stay sharp, folks, because this is getting good! 🔥$BTC $ETH $XRP
