Excitement is building around the possibility of a spot $XRP exchange-traded fund (ETF) gaining approval in the United States, with market sentiment reaching new highs. Prediction platform Polymarket has observed a significant jump in the likelihood of approval, rising from 70% to 90% in recent assessments, reflecting heightened confidence in the ETF’s prospects. However, the US Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton’s proposal, extending the review period to allow for public feedback. Meanwhile, Canada has emerged as a frontrunner in the XRP ETF space, thanks to its progressive regulatory approach.


What’s Fueling the US XRP ETF Enthusiasm?

Polymarket’s data shows strong trading activity, with over $95,000 in wagers backing the potential approval of a spot XRP ETF. The platform’s responsiveness to regulatory shifts and market trends offers valuable insights into investor expectations.

If approved, a spot XRP ETF would allow investors to trade the asset on traditional exchanges without the complexities of managing digital wallets. This convenience could attract institutional players who have been cautious about direct crypto investments, potentially driving broader adoption.


Canada’s Leadership in XRP ETFs

The US deliberates, Canada has taken decisive steps in the ETF landscape. Firms like Purpose Investments, 3iQ, and Evolve have secured regulatory approvals, positioning Canada as a leader in XRP ETF offerings.

Purpose Investments has even launched a zero-fee spot XRP ETF, available until February 2026—a groundbreaking initiative that has already drawn significant investor interest.

Canada’s clear regulatory framework has enabled rapid ETF launches, while the US’s slower decision-making process highlights the contrasting approaches to crypto regulation across jurisdictions.


XRP Price Stability Amid Market Swings

Despite broader market volatility, XRP has demonstrated remarkable price resilience. Recent data reveals an 8,466% spike in long-position liquidations compared to short positions, resulting in $508,000 worth of futures market liquidations.

Yet, XRP’s price remained steady, inching up just 0.20%, suggesting strong institutional support in the spot market. This stability underscores growing institutional interest and reinforces XRP’s position as a robust asset within the evolving crypto landscape.

As anticipation for an XRP ETF grows, the cryptocurrency continues to showcase its durability, further solidifying its appeal to both retail and institutional investors.

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