80305553774? According to estimates by Eric Balchunas, senior ETF analyst at Bloomberg, and his team, the probability of an XRP ETF being approved this year is currently 65%, which is lower than that of Litecoin (LTC). This is attributed to the fact that the US Securities and Exchange Commission (SEC) does not currently consider Ripple’s associated currency to be a commodity, which reduces the chances of approval.

It is worth noting that there is growing optimism in the market about the approval of cryptocurrency ETFs. According to the Polymarket forecasting platform, the probability of an XRP ETF being approved has risen to 70%, driven by growing optimism after XRP’s price peaked at $3.39.

In addition, several investment firms, including Grayscale, have filed applications to convert their XRP funds into exchange-traded funds (ETFs), reflecting the growing interest

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in this digital asset.

However, there are still regulatory challenges facing XRP, especially as the SEC continues to classify it as a security, which affects the prospects of approval of exchange-traded funds linked to it.