Will XRP ETF Get the Nod? 98% Believe So — Despite the SEC’s Foolish Delays! 🚀

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Well, I declare, on June 3rd, the folks on that fancy prediction platform Polymarket pegged the chances of XRP‘s fancy exchange-traded fund winnin’ approval by 2025 at a whopping 98%. That’s higher than a hawk on a hot day! 🌞💰

Now, here’s the kicker — this surge of hope comes despite the SEC, that bureaucratic buzzard, draggin’ its feet and delayin’ decisions on XRP’s spot ETF. Seems like folks still got some faith in that shiny coin’s future, even if Uncle Sam’s regulators are playing hard to get. 🤨

Why Folks Are Bettin’ on XRP ETF Approval by 2025

Back in April, BeInCrypto told us that the SEC had put a pin in Franklin Templeton’s XRP ETF — like stickin’ a fork in it — with a review deadline set for June 17. And Lo and behold, 21Shares’ folks got delayed, too, in late May. No wonder the short-term optimism has gone south faster than a cat on a hot tin roof. The likelihood of SEC givin’ the green light by July 2025? Down to a measly 19%. Sounds like they’re practicin’ the art of sayin’ “No” with flair. 😏

But hold on now, don’t get your knickers in a twist. Long-term outlook still shines brighter than a diamond in a goat’s behind. As I write this, folks are sayin’ there’s a 93% chance of XRP ETF gettin’ the thumbs-up by December 2025 — that’s after peak optimism hit 98%. Seems everyone still expects it to kick off around the last part of the year, just in time for Santa Claus and Uncle Sam’s final decision deadline. 🎅

Bloomberg’s ETF bigwig James Seyffart reckon’s we might see some action around October 18 — like the clock’s tickin’ and everyone’s watchin’. The anticipation’s buildin’ faster than fireworks on the Fourth of July! 🎆

“If we’re gonna see early approvals from the SEC on any of these assets — I wouldn’t expect to see them until late June or early July at absolute earliest. More likely to be in early 4Q,” Seyffart wrote in an X post. It’s as predictable as a mule on a mountain, I tell ya.”

Adding a little spark to the fire, XRP futures launched on May 19, kind of like throwin’ petrol on a bonfire. Experts say this might just push the SEC over the hurdle and say “Go ahead, son!” to a spot XRP ETF. 🔥

“The biggest reason the SEC’s turned down ETFs before is because there wasn’t a proper futures market to keep things honest. But if these futures are regulated and tied to the real price, it might just make the regulators see reason,” said Dean Chen, a fella from Bitunix who knows his stuff.

Meanwhile, XRP’s pretty popular in the altcoin crowd. It’s got more ETF filings than a young cowboy’s ledger, with giants like Bitwise, 21Shares, Canary Capital, Grayscale, Franklin Templeton, and many more all bettin’ their billions that XRP’s the bee’s knees among the institutional set. 💼💸

This buzz has been doin’ wonders for its price, too. Between May 14 and 31, XRP took a nosedive of 23.08%, but now, it’s clawin’ its way back, up 10% since early June. Right now, it’s floatin’ around $2.2 — up 1.8% in the past 24 hours, like a duck sailin’ on a calm pond. 🦆

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2025-06-04 12:13