The odds of an XRP spot ETF approval have jumped to 86%, driven by the successful launch of the ProShares Ultra XRP (UXRP), a leveraged futures-based product.

This debut signals strong investor demand and has sparked speculation that ProShares may soon file for a spot conversion. Supportive developments, like the #GENIUSAct passing and positive signals from SEC Commissioner Hester Peirce, are creating a favorable regulatory environment.

With momentum building, the focus is shifting from if to when an $XRP spot ETF will be approved.