Despite repeated delays from the U.S. Securities and Exchange Commission (SEC), investor optimism around a potential XRP spot ETF is reaching new highs.
According to Polymarket data, the odds of an XRP ETF approval in 2025 have surged to 93% — the highest on record. Legal victories, rising institutional interest, and successful futures products are fueling the continued buzz.
According to Polymarket, there is a 93% probability of an XRP ETF getting approved by the SEC before the end of 2025.
At the beginning of the previous month, the chances of a spot XRP ETF approval were less than 70%. This sharp rise indicates that market optimism has increased considerably over the past 30 days.
Delays Aren’t Slowing Down Sentiment
Recently, Judge Torres dismissed a revised settlement agreement between Ripple and the SEC, citing procedural errors.
Likewise, the SEC delayed its decision on the CoinShares XRP ETF application. Still, data shows that despite these constraints, the odds of approval have steadily climbed in the last 30 days.
Multiple XRP ETF Applications Are Pending
Several prominent players — including Bitwise, 21Shares, Canary Capital, Grayscale, and Franklin Templeton — have expressed their interest in launching spot XRP ETF products.
None of them have received SEC approval yet, but many believe that 2025 could be the breakthrough year for these asset managers.
In May, CME Group introduced a new XRP futures product, which has been well-received by the market.
Ripple also gained momentum when its RLUSD stablecoin was approved in Dubai — triggering excitement among XRP supporters. Meanwhile, Crypto.com announced plans to introduce a new XRP ETF product. Rumors also suggest that Uphold and Flare Networks are working on a DeFi-based XRP ETF.
Over the last year, XRP has experienced a massive surge of 331%. In the last 30 days, it has seen a growth of 2.8%. In the last 24 hours alone, it has jumped by 1.7% to reach $2.24.
2025 has been a mixed year for XRP:
At the beginning of this month, the XRP price stood at $2.17. So far this month, it has increased by 2.96%.
No, the SEC has not yet approved any spot XRP ETF applications, despite multiple pending proposals.
Despite SEC delays and procedural issues, market optimism for an XRP ETF approval has steadily climbed in the last 30 days.
Yes, XRP remains a promising 2025 investment due to strong fundamentals, stablecoin use, and potential ETF listings.
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