XRP ETF Approval Skyrockets to 70%: Are You Ready to Get Rich?

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The odds of an XRP ETF approval soared to 70% today on crypto-based predictions market Polymarket.

Optimism has grown following today’s record-breaking surge of XRP, which peaked at $3.39 – a level not seen since close to seven years ago.

Increasing Optimism Around XRP ETF Approval 

As an analyst, I find myself observing a significant trend in 2024 – the flourishing of US Bitcoin ETFs. This success has prompted various asset management firms to submit applications to the SEC for alternative cryptocurrency ETFs. The ongoing bull market and President Trump’s backing of the crypto industry have noticeably fueled retail interest in digital asset-based investment funds.

As an analyst, I’m observing a surge of optimism mirrored in XRP’s market dynamics. Today, this digital asset has hit a new high, climbing more than 40% this week.

According to projections by major investment firms like JPMorgan, Solana and XRP Exchange-Traded Funds (ETFs) may attract approximately $14 billion in investments by the year 2025. This forecast suggests a high likelihood that ETFs based on XRP could be approved this year.

According to JPMorgan, an altcoin ETF could attract approximately $14 billion in investments during its initial year. For Solana and XRP, the estimated inflow is between $3-6 billion and $4-8 billion respectively. Although my team has not yet issued any official forecasts, these figures appear to be a plausible estimate, assuming regulatory approvals are secured first.

Today, the likelihood on Polymarket increased to 70%, marking a substantial rise from less than 50% a week ago. This suggests that the cryptocurrency community’s faith in an upcoming XRP ETF has grown stronger, indicating that it could happen sooner rather than later.

SEC Still Remains the Biggest Hurdle

As an analyst, I’m currently observing that a total of four Exchange-Traded Fund (ETF) proposals centered around XRP are under review in the United States. These proposals come from WisdomTree, Bitwise, Canary Capital, and 21Shares. However, it’s important to note that the primary challenge these applications face is not external, but rather, the Securities and Exchange Commission (SEC) itself.

According to the recent statement from the regulator, it seems that the SEC is persistently advocating for XRP to be classified as a security by US lawmakers. However, this situation may not persist for much longer due to upcoming changes.

With President-elect Trump’s inauguration happening next week, Gary Gensler, who has been a thorn in the side of Ripple, is planning to step down from his role as SEC chair. Additionally, it is anticipated that Trump will make significant alterations to the SEC’s regulatory structure.

It’s widely expected that the ongoing legal battle between the SEC and Ripple may soon come to an end, which could pave the way for a potential XRP-based Exchange Traded Fund (ETF). This prediction is shared by none other than Ripple’s CEO himself.

As anticipated, the appeal brief submitted by the SEC repeats arguments that have previously been unsuccessful – it’s likely to be discarded by the upcoming administration. For now, understand this: the SEC’s lawsuit against Ripple is merely noise. The advent of a new era focused on promoting innovation in regulation is imminent, and Ripple continues to flourish, as stated by Ripple’s Chief Legal Officer Stuart Alderoty.

It appears highly probable that XRP won’t be the pioneer altcoin to launch an ETF in 2025; instead, it seems more likely that the honor will go to Litecoin. As we previously mentioned on BeInCrypto, Nasdaq has already submitted an application for Canary Capital’s Litecoin ETF.

In essence, the possibility of an XRP Exchange-Traded Fund (ETF) is increasingly robust, yet there remain regulatory hurdles that must be overcome to make it a reality.

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2025-01-17 04:17