REX-Osprey’s Solana ETF took flight on July 2, making SOL the third crypto to join the elite club of spot ETFs in the US, right after Bitcoin and Ethereum. Now, the ever-so-wise Bloomberg analysts, Eric Balchunas and James Seyffart, have hinted that an XRP ETF might just be the next to grace us with its presence. 🌟
XRP ETF: The Next Big Thing As Solana ETF Takes Off
In a recent X post, Bloomberg’s James Seyffart, a man who seems to have a crystal ball for these things, suggested that an XRP ETF could be the next big thing. This prediction is based on the 95% chance of approval that Seyffart and his colleague, Eric Balchunas, have calculated for this year. They were spot on with their 95% prediction for the SOL ETF, so it’s not like they’re just throwing darts at a board. 🎯
REX-Osprey, in a move that’s as unconventional as a disco in a monastery, launched the first Solana staking ETF on July 2. This isn’t just any old ETF; it’s a spot SOL ETF that also offers staking rewards to investors. It’s like getting a free donut with every coffee. 🍩☕️
Moreover, the Grayscale Digital Large Cap Fund, which also had a 95% chance of approval, has been given the green light by the SEC. This puts the XRP ETF in a prime position to be the next in line. It’s like being first in the queue for the best roller coaster at the amusement park. 🎢
Following the SEC’s approval for the conversion of Grayscale’s fund into an ETF, market expert Nate Geraci, a man who could predict the weather by the way the wind blows, declared that a spot XRP ETF is up next for the SEC’s approval. He also predicts that other altcoin ETFs, like Cardano and Litecoin, will get the nod from the commission. However, based on Seyffart and Balchunas’ prediction, a Litecoin ETF is the only one that could potentially leapfrog the XRP ETF. 🐇🐢
The approval odds for a Litecoin ETF also stand at 95%, and the final SEC deadline for the LTC ETF is October 2, just a few days before the XRP ETF’s final deadline on October 17. It’s a close race, but someone’s gotta win. 🏁
Traders Bet Big on XRP ETF
Polymarket data, the place where traders go to make educated guesses, shows that there’s a strong belief that an XRP ETF will be approved before a Litecoin ETF or any other altcoin ETF. The prediction market data suggests there’s an 87% chance that the XRP fund will get the SEC’s blessing by December 31. On the other hand, there’s an 86% chance the SEC will approve an LTC ETF by the end of the year. 📈
Other altcoin ETFs, like Cardano, Dogecoin, Hedera, Avalanche, and Polkadot, have lower odds of approval by year-end. Seyffart and Balchunas predict a 90% chance that these ETFs will be approved this year. Polymarket traders, however, are a bit more conservative, giving an 83% and 76% chance for ADA and DOGE ETFs, respectively. 🐶🪐
Meanwhile, Ripple’s decision to drop the cross-appeal against the SEC and potentially end the XRP lawsuit is another reason why experts like Geraci are feeling pretty confident about the XRP ETF’s future. It’s like when the clouds part and the sun shines through. ☀️
At the time of writing, the XRP price is trading at around $2.26, up over 3% in the last 24 hours, according to data from CoinMarketCap. It’s a good time to be an XRP holder, or at least, it feels like it. 🚀
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2025-07-03 21:24