XRP ETF Approval Odds Hit 70% After All-Time High Surge | Airdrop Alert Pro

Today, the chances of an XRP ETF being approved surged to 70% on Polymarket, a cryptocurrency-based prediction market.

This optimism comes after XRP hit a new all-time high earlier today, hitting $3.39 for the first time in nearly seven years.

Optimism grows over XRP ETF approval

with success US Bitcoin ETF In 2024, several asset management companies have submitted applications for different altcoin ETFs to the SEC. The ongoing bull market and Trump’s strong support for the crypto industry have increased retail demand for digital asset funds.

This optimism is reflected in Market Performance of XRPthe altcoin reached a new all-time high today after rising more than 40% this week.

Investment banking giant JPMorgan Chase recently predicted Solana and XRP ETF could attract more than $14 billion Inflows in 2025. Based on the project, there are strong expectations that the XRP ETF may be approved this year.

“JPMorgan says altcoin ETF will collect $14 billion in flows in first year, with $3-6 billion Solana XRP is $4-8b. My team hasn’t made any official predictions yet, but it seems like a pretty reasonable guess. Approval must be obtained first,” wrote ETF analyst Eric Balchunas.

at the same time, Polymarket odds It also jumped to 70% today. This is important because a week ago the odds were less than 50%. It’s clear that the crypto community is increasingly convinced that an ETF for XRP is a case of sooner rather than later.

SEC remains biggest hurdle

Now, Four XRP ETF applications pending United States – WisdomTree, Bitwise, Canary Capital and 21Shares. The biggest obstacle to these applications is the SEC itself.

based on Latest calls from regulatorsthe SEC is apparently still urging U.S. lawmakers to consider XRP a Safety. However, this challenge may not last long.

With President-elect Trump taking office next week, Gary GenslerThe current SEC chairman and Ripple’s biggest enemy is about to resign. Trump is also expected to Overhauling the SEC’s regulatory framework.

Therefore, people are very much looking forward to SEC to drop long-running lawsuit Against Ripple. This is why the possibility of an XRP ETF becomes inevitable, and Even Ripple’s CEO thinks so.

As expected, the SEC’s appeal brief is a restatement of arguments that have failed and may be abandoned by the next administration. We will respond formally in due course. Now, know this: The SEC lawsuit is just noise. A new era of innovation-friendly regulation is coming, and Ripple is thriving. ” wrote Stuart Alderoty, chief legal officer at Ripple.

However, it is almost certain that XRP will not be the first altcoin to have an ETF in 2025. That privilege will likely belong to Litecoin. As BeInCrypto reported earlier, Nasdaq has filed to list Canary Capital’s Litecoin ETF.

Overall, an XRP ETF is becoming more and more likely, but regulators still need to address some hurdles to make it happen.