On the prediction platform Polymarket, the odds for XRP ETF approval in the first quarter of 2025 have risen to 70%, reflecting optimism in the crypto community.
Rising Odds for XRP ETF Approval
In December, polls on the potential approval of the XRP ETF were launched, with a 48% chance of approval by July 2025. With the new trend, it could reach 100% by the end of March. The potential launch of an XRP ETF could be pivotal for the crypto ecosystem, integrating cryptocurrency into traditional financial structures.
Impact of Politics on Crypto Ecosystem
Paul Atkins' nomination as SEC Chair by Donald Trump may shift the crypto atmosphere. Atkins, a member of the Digital Chamber’s Token Alliance advisory board, promises to align the SEC with crypto assets. This could influence cryptocurrency regulation in the US and support existing initiatives.
Status of XRP ETF Applications with SEC
The SEC received ETF applications for XRP from Bitwise, Canary Capital, 21Shares, and WisdomTree. The first application was filed by Bitwise in Delaware in October. As of now, the SEC has not publicly responded to any of the applications, and Polymarket participants continue to place bets on Solana, Dogecoin, and Litecoin ETF approvals.
Awaiting the SEC's decision on the XRP ETF applications, the key factors remain the approval odds and the impact of changes in SEC leadership on the cryptocurrency market's development.
