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The epic showdown between Ripple and the SEC is finally over — and the buzz around an XRP exchange-traded fund (ETF) is reaching fever pitch.
Pro-Ripple attorney John E. Deaton put it bluntly:
> “Wall Street is too greedy to pass up this opportunity.”
His remark came in response to ETF Store President Nate Geraci, who hinted that BlackRock might have been waiting for the legal dust to settle before launching an iShares XRP ETF.
📉 ETF Approval Odds Take a Dip
This speculation landed just as the approval odds were dipping. Prediction market Polymarket saw XRP ETF approval odds slide to 66% — their lowest since January — after news broke that SEC Commissioner Caroline Crenshaw voted against all 13 crypto ETF proposals during the July 29 meeting.
Yet, Bloomberg’s senior ETF analyst Eric Balchunas isn’t buying the doom narrative. He says their internal odds remain at 95%, noting Crenshaw’s consistent opposition to all things crypto, from Bitcoin ETFs to the Ripple settlement itself. According to him, her vote was predictable and ultimately powerless against the majority.
🏛 Legal Barriers Gone, Opportunities Ahead
Interestingly, the very settlement Crenshaw opposed was tossed by the judge, leading Ripple to drop its cross-appeal earlier this year. Fresh court filings show the SEC has now done the same, finalizing the dismissal of both sides’ appeals.
With the legal roadblocks cleared, the stage is set for major asset managers to move beyond Bitcoin and Ethereum ETFs. An XRP ETF could open a multi-billion-dollar market — too tempting for Wall Street to resist.
As Deaton says, greed might just be the catalyst.
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📸 Image Prompt (puc):
A dynamic financial news graphic featuring a golden XRP coin in front of Wall Street buildings, with a “ETF” ticker overlay and a bullish green chart line rising in the background. The scene should have a mix of legal and financial themes — a gavel, stock market screens, and glowing dollar signs.
