As the CME Group's Ripple futures contracts accelerate, the chances of an XRP ETF being approved by June 17 have increased sharply.
The Chicago Mercantile Exchange's (CME) strategic introduction of Ripple futures contracts has sparked speculation of the imminent launch of an XRP ETF.
The significant increase in trading activity and the significant gains posted by CME’s futures in their opening days have further fueled optimism within the Ripple community.
Amid growing odds of a 2025 $XRP ETF launch on Polymarket, Bloomberg analysts' predictions have come under fire once again.
Earlier, Bloomberg analysts Eric Balchunas and James Seifert provided an optimistic outlook on ETF approval, with odds of 85%.
Polymarket’s odds indicate an 83% chance of a Ripple ETF being approved in 2025, with the 21% chance for July 2025 being notably lower.
XRP ETF odds rise: Is SEC approval possible by June 17?
June 17, 2025, is a key date for Ripple ETF approval, according to crypto expert Brett. In an X post, the analyst noted that the revision deadline for Franklin Templeton's Spot XRP ETF is June 17.
In particular, the analyst's statement has gained more attention, especially in light of the increasing difficulty on the forecasts of analysts at Polymarket and Bloomberg.
While Solana and Litecoin edged ahead of Bloomberg’s ETF prediction with a 90% chance, XRP followed closely behind.
Although the SEC has delayed its decision on several ETFs, analysts are confident of their launch by the end of the year.
While a year-end approval seems more likely, an early approval in June is also likely. Seyffart said,
A group of XRP ETPs have dates in the next few days. If we're going to see initial approvals from the SEC on any of these assets, I wouldn't expect to see them until late June or early July at the earliest. Early 4Q is more likely.
CME's Ripple Futures Contracts Volume Hits $30M
Importantly, the increased odds of $XRP ETF issuance are primarily due to the significant gains in CME futures contracts.
Within three days of launch, the product has achieved a staggering $30 million in trade volume. $19M on Monday and $10M on Tuesday.
Because of this significant rally, market experts anticipate a possible SEC decision on Ripple ETFs. “Spot $XRP ETFs are just a matter of time,” noted ETF Store President Nate Geraci.
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