Investor optimism regarding the approval of an XRP Exchange-Traded Fund (ETF) has reached new heights, with analysts placing the probability of approval at 83%. Despite ongoing regulatory hurdles from the U.S. Securities and Exchange Commission (SEC), expectations remain high.
Increase in XRP ETF Approval Odds
Analyst James Seyffart indicated that decisions are likely to be made in October and noted that delays are common in the review process. With rising odds for XRP ETF approval, the ETF community is becoming increasingly optimistic.
Market Changes and New XRP Products
Despite the SEC's postponement of decisions on spot ETFs, significant market changes occurred last week. Volatility Shares launched the first-ever XRP futures ETF on the Nasdaq exchange, using the ticker XRPI, and Tectrium introduced its 2x Long Daily XRP ETF, indicating increased institutional interest.
Analysts' Thoughts on Litecoin ETF
James Seyffart speculated that the SEC is more likely to approve a Litecoin ETF before others. He noted that delays in responding to such applications are typical and that a decision on Litecoin could come sooner than for XRP.
The growing interest in XRP and the introduction of new financial products highlight investor expectations that XRP ETF approval could significantly impact the market, while analysts continue to monitor the approval process for other ETFs, including Litecoin.
