XRP ETF At 83% Approval Odds—Is The SEC Losing Grip?
Investor optimism for a spot XRP ETF has increased, with odds at 83% according to Polymarket data, despite the SEC delaying decisions. The SEC typically uses its full review period of 240 days for filings, as noted by Bloomberg's James Seyffart. Most spot ETF bids have final deadlines in October, making early approvals unlikely. The Chicago Mercantile Exchange launched an XRP futures contract, and Volatility Shares listed an XRPI futures ETF, indicating growing institutional interest. Ripple's CEO emphasized the importance of ETFs for enabling Wall Street access to crypto. Delays in SEC decisions are common, affecting various ETFs. Analysts caution that prediction market odds can fluctuate significantly. Institutions and retail traders are closely monitoring the SEC's upcoming deadlines.
