XRP ETF Approval Chances Reach 98% Amid SEC Delays
The probability of the US SEC approving an XRP ETF has decreased to 93% as of today, with a projected approval date by December 31, 2025. This reflects a 23% increase in optimism over the past month despite delays from the SEC on multiple ETF proposals.
- Approval chances peaked at 98% on June 3 according to Polymarket.
- Two recent delays involve Grayscale and Franklin Templeton’s ETFs, with the next review set for October.
- Current investor confidence remains high, although July approval odds sit at 19%.
XRP ETF approval Chances | Source: Polymarket
US SEC Likely to Approve XRP ETF by Q4 2025
The launch of XRP futures by CME Group on May 19 has further fueled optimism regarding SEC approval for a spot XRP ETF. Bloomberg analyst James Seyffart suggested potential decisions may occur by late June or early July, but final approvals are more likely by early Q4, with October 18 noted as significant.
- XRP leads among altcoins with the highest number of ETF filings.
Ripple Lawyers Clarifies About XRP Legal Clarity
Recent discussions between the Bitcoin and XRP communities focus on XRP's legal classification, spurred by a court ruling that retail XRP sales do not qualify as investment contracts. Ripple lawyer Bill Morgan refuted claims of legal ambiguity surrounding XRP, asserting the court's conclusion affirms it is not classified as a security.
- XRP price has increased by 2.64% today, reaching $2.25 with trading volumes at $2.5 billion.