The crypto market may be heading for a breakthrough – the chances of a spot ETF for XRP being approved have surged to 83%, despite ongoing delays from the U.S. Securities and Exchange Commission (SEC). What’s fueling this newfound optimism?
🔹 Investors Growing Confident Despite SEC Delays
While the SEC has once again postponed decisions on several applications – including Grayscale’s XRP ETF and Bitwise’s Ether ETF with staking – the prediction platform Polymarket shows a clear shift in sentiment.
Investor confidence in the approval of an XRP ETF is now higher than ever, largely due to increasing interest from institutional players. For them, ETFs are a key gateway into crypto markets.
🔹 Garlinghouse: ETFs Are Wall Street’s On-Ramp to Crypto
Ripple CEO Brad Garlinghouse stated on the podcast Crypto in One Minute that ETFs make it much easier for institutions to enter the crypto space. Instead of dealing with complex crypto exchanges or self-custody wallets, investors can access the market through regulated financial products.
Garlinghouse pointed out that Bitcoin ETFs were the fastest to hit $1 billion in assets, and he believes XRP could follow a similar trajectory.
🔹 XRP Futures ETF Already Trading – The First Step Has Been Taken
While the SEC continues to stall on spot ETF approvals, a major development has already occurred. Volatility Shares launched the first-ever XRP futures ETF on Nasdaq under the ticker XRPI. This puts XRP alongside Bitcoin and Ethereum, which have had such products available for a long time.
Another firm, Tectrium, introduced a 2x Long Daily XRP ETF, offering leveraged exposure for more aggressive traders. These developments show that institutional demand for XRP is growing fast, reflected in rising expectations for ETF approval.
🔹 SEC Moving Slowly – But Analysts Remain Upbeat
While the SEC has delayed decisions on Grayscale’s XRP ETF, Bitwise’s Solana ETF, and Bitwise’s Ether staking ETF, analysts emphasize that such delays are part of the normal review process.
James Seyffart of Bloomberg explained that most decisions are expected around October, and any early ruling would be unusual. “It’s not some conspiracy – the SEC is simply using the full review timeline,” he said on X (formerly Twitter).
🔹 Litecoin May Have Even Higher Odds
Interestingly, Seyffart believes that a Litecoin ETF may have an even better chance of approval than XRP. Still, he doesn't rule out the possibility that both ETFs could go live around the same time, depending on how regulatory reviews progress.
📊 What Does This Mean for Investors?
The rising odds of XRP ETF approval, despite SEC hesitation, signal that institutional interest is heating up and the market is getting ready. With the first XRP futures ETF already live, pressure on regulators is mounting. The question may no longer be if, but when XRP ETFs will officially debut.
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