With the Ripple vs. U.S. Securities and Exchange Commission (SEC) case nearing finalization, the odds of an XRP exchange-traded fund (ETF) by the end of 2025 soared to 77%. That’s according to the market participants on Polymarket’s prediction platform, with 27% of voters forecasting an even quicker launch by the end of July, 2025.
XRP ETFs In Queue For Approval
With Ripple’s CEO Brad Garlinghouse being optimistic about the launch this year, XRP bulls eventually expect a similar run to the one in January, 2025. Taking the altcoin’s price to just 4 cent below the all-time high of $3.40 scored 7 years ago, the favorable headwinds of the SEC case saw immediate XRP price appreciation.
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However, the popular cross-border altcoin took a downswing of 38.8% since January’s high, and is currently floating above the major demand zone of $2. High correlation with Bitcoin (BTC) is accompanied by high exposure to institutional investment.
Additionally, the global tariff beef between the United States and China, along with other geopolitical tensions, could take a bite of XRP price before a rebound to $3 happens.
Meanwhile, seasoned crypto market experts are closely watching the developments in 9 ETF applications. Let’s break down 9 of the applications that have been given a clear status or timeline and the probability of the crypto asset manager to be the first to launch the product.
Surely, Bitwise XRP ETF comes as the furthest ahead with a 90-day review in full swing, waiting for a decision by May 18, 2025. Then, three other OG altcoin ETF submissions have similar decision timeframes until the end of May, including Canary Capital, 21Shares and Grayscale XRP Trust Conversion.
The destiny of two more Ripple ETF pitches will be decided in July, 2025, including CoinShares XRP ETF and WisdomTree XRP Fund. Lastly, three XRP ETFs of ProShares, Volatility Shares & Franklin Templeton are all to get an answer from the SEC by late 2025.
On The Flipside
- The OG altcoin has been losing traction against Bitcoin (BTC), as the XRP/BTC pair is trading well below the middle-tier Bollinger Band (BOLL), despite hedging against the United States Dollar (USD) in 7 days.
Why This Matters
Exchange-traded funds are crucial in order to bring the capabilities of blockchain technology to the regular stock market, opening doors to investors less familiar with the crypto markets.
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