According to Bloomberg analysts, the probability of XRP ETF approval has risen to 85% following recent changes in the leadership of the U.S. Securities and Exchange Commission (SEC).
Changes in SEC Leadership
The odds of approving XRP ETFs have surged amid changes at the SEC. This shift follows filings from Grayscale, 21Shares, WisdomTree, and others through the Cboe BZX Exchange. 'The five spot XRP ETFs have an 85% chance of approval after the change in leadership at the SEC,' report Bloomberg analysts.
Analysts Predict New XRP Records
Analysts and traders show increased optimism, predicting new all-time highs if the XRP ETF is approved. Betting odds for approval on Polymarket have significantly risen, reflecting growing enthusiasm. Approval could attract major institutional investment and drive mainstream adoption.
Historical Patterns of SEC and Their Impact on XRP
Previous SEC delays with major crypto assets often resulted in eventual approvals after procedural reviews. This pattern suggests potential positive outcomes for XRP ETFs, as seen with Bitcoin and Ethereum.
Thus, considering the recent changes at the SEC and historical approval patterns, there is a likelihood of significant growth for XRP if the ETF is granted approval.
