The post Could XRP ETF Be Next? Polymarket Shows 83% Odds of July Launch appeared first on Coinpedia Fintech News
The ETF frenzy is sweeping the crypto market, with Dogecoin, Solana, and memecoin ETFs fueling excitement. Now, XRP is emerging as the next big contender, despite its ongoing legal battle with the SEC. According to Polymarket bettors, there’s an 83% chance an XRP ETF will be approved by 2025.
Major asset managers, including Bitwise, Canary Capital, WisdomTree, and 21Shares, have already filed applications for an XRP ETF. Meanwhile, Grayscale is working to convert its existing XRP Trust into an ETF. This institutional push suggests that XRP could soon follow in the footsteps of Bitcoin and Ethereum in securing a spot in the ETF market.
Under the Biden administration and SEC Chair gary gensler
gary gensler
Gary Gensler is a pioneer and the current chair of the U.S. Securities and Exchange Commission. He has extensive experience that spans Wall Street, government regulation, and an angel teaching about cryptocurrencies and blockchain at MIT. Gary S. Gensler was on born October 18, 1957, in Baltimore, Maryland.He graduated from Pikesville High School in 1975, where he was later given a Distinguished Alumnus award. He also earned a degree in economics.Gensler served in the United States Department of the Treasury as Assistant Secretary for Financial Markets from 1997 to 1999, then as Undersecretary for Domestic Finance from 1999 to 2001He has expressed his desire to present crypto-related approach changes later on that include token commitments, decentralized finance, stablecoins, guardianship, exchange-traded resources, and advancing stages.
Chairman
XRP’s ETF hopes faded. However, with potential leadership changes and Mark Udeya’s more crypto-friendly stance, optimism is returning.
Trump’s victory made it clear that many more ETFs will soon flood the crypto market – above all, XRP. Earlier in January, Ripple Labs president Monica Long remarked an XRP ETF could “soon be a reality” under the new Trump administration.
SEC Approval Odds Remain Strong
Polymarket users have consistently bet on an XRP ETF receiving SEC approval, with odds remaining above 60% since January. As filings continue to roll in, industry experts believe a breakthrough is on the horizon. If the SEC maintains a positive stance on crypto ETFs, XRP could soon enter the market.
Adding to the momentum, XRP’s legal battle with the SEC is expected to conclude by March 2025, potentially clearing the final hurdle for ETF approval.
Currently trading at $3.02, XRP is holding key support levels amid ETF speculation. Analysts have noted similarities to its 2017 breakout, which led to a massive 2,900% rally. If history repeats itself, XRP could surge to $99—though ETF approval could be the ultimate catalyst for institutional inflows.
AI models like DeepSeek are also forecasting an explosive run, predicting XRP will reach $30 before the year ends.
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After the recent buzz of XRP ETF and many new fillings, FOX correspondent Terrett hinted that there will be more ETF filling coming next week.
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