The post XRP ETF Approval Odds Surge to 83% – Is a Price Explosion Coming? appeared first on Coinpedia Fintech News
The possibility of an XRP Spot ETF becoming a reality is rising fast. According to Polymarket, the odds of approval have climbed to 83%, up from 73% earlier this month. With Ripple’s CEO Brad Garlinghouse strongly backing ETF developments, and major financial players like Grayscale and Franklin Templeton entering the race, the crypto market is buzzing with optimism.
Let’s dive into what’s happening and why it matters.
XRP Spot ETF Approval Odds Surge by 10%
At the start of this month, Polymarket pegged the chances of an XRP spot ETF getting approved at 73%. As of now, the odds have jumped to 83%, reflecting growing confidence from the crypto community and investors alike.
This rise in probability is being driven by market momentum and rising institutional interest in XRP-backed financial products.
SEC Delays XRP ETF Decisions – Final Ruling in October?
Despite the enthusiasm, the U.S. SEC has yet to approve any XRP Spot ETF application. Top firms like Bitwise, CoinShares, Grayscale, and Franklin Templeton have already filed interest.
Experts say the delays are not unusual and point to October as the likely month for a decision. Given the SEC’s recent moves with Bitcoin ETFs, many expect XRP could be next in line.
Brad Garlinghouse: XRP ETFs Could Unlock Institutional Capital
In a recent episode of Ripple’s “Crypto in One Minute” podcast, CEO Brad Garlinghouse stated that ETFs are a gateway for traditional investors to enter the crypto space without dealing with private keys or exchanges.
He emphasized that XRP ETFs could be a safer, regulated entry point for those hesitant to engage with crypto directly.
Bitcoin Spot ETFs Set the Benchmark
Garlinghouse highlighted the success of Bitcoin Spot ETFs, which became one of the fastest-growing ETF classes in history.
- Total market cap: $130.77 Billion
- 24-hour trading volume: $4.7 Billion
- BlackRock’s Bitcoin ETF AUM: $71.42 Billion
Major players in this space include BlackRock, Fidelity, ARK/21Shares, Valkyrie, and others. The success of Bitcoin ETFs suggests a similar bullish trajectory could await XRP.
XRP Futures and Leveraged ETFs Show Rising Demand
Beyond spot ETFs, XRP-based products are already making waves:
- Volatility Shares launched the first XRP Futures ETF.
- CME Group followed with its own XRP futures ETF this month.
- Tectrium rolled out a 2x Long Daily XRP ETF, catering to leveraged traders.
These products have seen strong uptake, suggesting institutional confidence in XRP is growing steadily.
XRP Price Performance: Solid Gains Across All Timeframes
- Current Price: $2.34
- 24-hour Gain: +1%
- 30-day Gain: +6.8%
- 1-Year Gain: +335.1%
The sustained rally supports the narrative that XRP is gaining momentum ahead of potential ETF approvals.
Final Thoughts
With rising approval odds, growing institutional demand, and Ripple’s CEO signaling strong support, the XRP Spot ETF story is heating up fast.If approved, XRP ETFs could open the door to a new wave of adoption — just like Bitcoin ETFs did in early 2024.
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