XRP ETF Approval Odds Rise to 70% After 20% Surge
The crypto market is active as Polymarket indicates a 70% chance of an XRP ETF approval in 2025, a 20% increase within 24 hours. This has generated excitement among enthusiasts betting on XRP and other altcoin ETFs.
Photo: Polymarket
A recent poll revealed a 48% chance of XRP ETF approval by July 31, 2025. New trends suggest this figure may reach 100% by Q1 2025, driven by expectations of pro-crypto changes under new SEC leadership led by Paul Atkins.
Photo: Polymarket
The SEC is reviewing four XRP ETF applications from major asset managers like 21Shares, Bitwise, Canary Capital, and WisdomTree, with filings initiated by Bitwise in October 2024. This sets the stage for a potentially favorable regulatory environment under Atkins.
Solana Leads ETF Bets with 77% Chance of Approval
Polymarket participants are also wagering on Solana, Dogecoin, and Litecoin ETFs. Solana leads with a 77% chance of approval in 2025, marking a 32% increase in one day. Dogecoin and Litecoin ETFs have lower odds at 23% and 42%, respectively.
Bloomberg ETF analyst Eric Balchunas commented on the excitement surrounding ETF bets but noted that no active filings exist for these ETFs yet. He explained that the approval process usually takes 240 days, making decisions unlikely before July but possible under new leadership.
Market observers are closely monitoring the SEC's stance on Solana amid its legal challenges and pending lawsuits against Binance and Coinbase. The SEC has indicated it may reject some Solana ETF applications, though experts believe a change in administration could alter this outlook.
Ripple's ETF Approval Buzz: Will XRP Soar?
XRP’s market performance reflects the growing enthusiasm, currently trading at $2.41 with a 9.60% increase over the past week. Trading volume decreased by 46% to $5.94 billion, indicating investor caution despite the optimism. Analysts highlight key support levels at $2.20, suggesting potential for a rally if XRP surpasses $2.70.
Photo: CoinMarketCap
The anticipation of Ripple ETF approval drives positive sentiment. Analyst Dark Defender predicts XRP could reach $5.85 soon, fueled by increasing global adoption and recent market developments.