$XRP Ripple recently stated: Approval for the XRP ETF is just a matter of time! Traders in the market have even given an 81% approval probability. However, ETF analyst Eric Balchunas's research poured cold water on this, pointing out that the XRP spot ETF is even harder to approve than SOL, LTC, and even Dogecoin (DOGE).

The approval rate for the XRP ETF is the lowest, with SEC regulation being the biggest obstacle.

Balchunas's research shows that the probability of the XRP ETF receiving SEC approval this year is only 65%, lower than SOL, LTC, and even DOGE. The core reason is that the SEC has been reluctant to recognize XRP as a commodity, which has created many obstacles for its ETF application.