It appears the crypto market is on the cusp of a most thrilling development, darling: a spot XRP exchange-traded fund (ETF) in the U.S. by the end of 2025. How delightfully…predictable.
Those frightfully clever speculators on the Polymarket prediction site are now betting their bottom dollar that the ETF has a 90% likelihood of approval by year-end. One does hope they’re not getting ahead of themselves, but really, who can blame them?
This marks an increase of 19% over earlier odds, implying rising confidence among investors. It seems those Bitcoin and Ethereum ETFs had better watch their backs, because XRP is coming for them, guns blazing.
But what does it all mean, you ask? Well, with ETF approval, XRP would be available on traditional stock exchanges, just like any other security. No more fussing about with crypto wallets, darling. It’s all about simplicity and accessibility for those retail investors, and of course, the institutional capital that’s been waiting in the wings.
Predictions were once a modest 70%, but they’ve now surged to 90%, with trading volume surpassing a whopping $95,000. It’s all so terribly exciting, isn’t it?
A Delayed Decision: How…Thrilling
The U.S. SEC has announced a 35-day delay in its decision to approve or disapprove the spot XRP filing proposed by Franklin Templeton. Oh, the suspense is simply killing us. In the meantime, they’ve opened a comment period for this ETF and the proposed spot Solana ETF from the same firm. How very…diplomatic of them.
And while we wait with bated breath for the SEC’s decision, the 3iQ XRP ETF was launched on the Toronto Stock Exchange on Wednesday. It seems our friends to the north are getting a head start on the ETF fun.
So, what does the future hold for XRP and its ETF aspirations? Only time will tell, darling. But one thing is certain: it’s going to be a wild ride. Buckle up, buttercup! 🎢
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