Markets Bet High on XRP ETF
The odds of an XRP ETF being approved in 2025 rose to 80% on Polymarket. The likelihood of approval has shifted 23 percent in favor of the bullish masses over the last month; in January 2025, it was approximately 70 percent.
45 percent of the betters thought a favorable outcome would occur before Q3 2025 even when the approval period was restricted to July 31,
The SEC has acknowledged Grayscale’s application, a procedural step that shows the regulator is open to considering the request
It is a significant change in the SEC’s approach to crypto assets although recognition is not the same as approval,
Bloomberg ETF analyst James Seyffart highlighted that an XRP ETF wouldn’t be allowed until the SEC’s lawsuit against Ripple Labs was resolved.
Trump appointed Mark Uyeda to serve as interim chairman. He is more in sync with the president’s objectives than the previous chairman, Gary Gensler, who resigned in January. The SEC created a crypto task force under Uyeda’s leadership to formulate regulations and look into ongoing cases, including the one against Ripple.
The financial watchdog filed a complaint against Ripple in December 2020, claiming that the company sold XRP coins through unregistered securities offerings. The court declared that non-institutional token sales were not securities offers and that the digital asset was not a security in July 2023
The SEC filed an appeal a few months after the final decision to resolve Ripple’s institutional token sales in August 2024.
Meanwhile, Ripple revealed its rebranding, highlighting its dedication to global financial innovation and the Internet of Value. The business declared that it is embarking on a new phase to revolutionize the flow of value.
The company said, “With the vision that keeps us going, the Internet of Value and changing the way you move value around the world, we’re building for the next chapter.” The launch of updated product offers is a key component of the rebrand. The website claims the platform has simplified its offerings to concentrate on stablecoins, digital asset custody, and cross-border payments.
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
SaveAdd 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals