The chances of an $XRP spot #etf getting approved have shot up to 83% this week, rising from 70% just days ago, according to prediction platform Polymarket. This sharp jump comes even though the U.S. SEC recently delayed its decision on several #XRP ETF filings.
Major players like Bitwise, CoinShares, Franklin Templeton, and Grayscale are still waiting for the SECâs green light. While delays might sound worrying, experts say theyâre quite normal during the review process. Most analysts now expect final decisions by October.
Polymarket Shows Xrp Etf Approval Odds Climb To 83%
Source: Polymarket
Meanwhile, Ripple CEO Brad Garlinghouse remains confident about ETF growth. On Rippleâs podcast Crypto in One Minute, he said ETFs help institutional investors enter the crypto market without dealing with crypto exchanges or self-custody. âWall Street has struggled to access crypto directly,â he explained. âETFs offer a safer and more regulated entry point.â
Garlinghouse also highlighted the rapid success of Bitcoin ETFs, noting they hit $1 billion in assets faster than any ETF in history. He expects XRP ETFs to follow a similar path.
Adding to the momentum, Volatility Shares recently launched the first-ever XRP futures ETF on Nasdaq under the ticker XRPI. This move follows the launch of XRP futures on CME Groupâs platform earlier this month.
Tectrium introduced a 2x Long Daily XRP ETF, indicating that institutional traders are showing more interest. These products are likely bolstering investor trust and increasing the likelihood of an XRP ETFâs approval.
