Popular online betting platform Polymarket has given 82% chances to the possibility of XRP ETFs approval in 2025, following the victory of U.S. President Donald Trump and a re-jig of Securities and Exchange Commission. As of now, betters have put a high probability of 82% on XRP which would be the third cryptocurrency to be approved for ETF in U.S. following Bitcoin and Ethereum.
For the entire month of January, Polymarket users continued to predict a 60% or above chance of the SEC approving a spot XRP ETF in 2025, with a 52% likelihood of approval by July 31, 2025.
At present XRP is trading at $3.02, with trading volume taking a huge hit of 51.37%. An ETF approval can boost the market sentiment. Major asset managers like Bitwise, Canary Capital, WisdomTree, and 21Shares have already submitted applications for a spot XRP ETF with the US SEC.
These filings were previously overlooked under the Biden administration and Gensler’s leadership. However, the new SEC regime aims to change that. Mark Udeya’s openness to change has led to a surge in ETF applications for various cryptocurrencies and not just XRP. The most recent would be Grayscale, which yesterday filed to transfer its XRP trust into an XRP ETF on the NYSE.
The ongoing legal battle between Ripple and the SEC remains a backdrop to these ETF discussions. An approval could signal the end of this contentious relationship.
Also Read: XRP Trading Volume Collapses by 51.37%
