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The chances of XRP ETF approval have surged to 83% despite the SEC's barriers.
The optimism about the XRP ETF is rising to the sky, with an approval probability of 83% despite the barriers from the SEC. Predictions suggest that a decision will be made in October, and delays are common in the review process. Major asset managers like Bitwise, CoinShares, Franklin Templeton, and Grayscale are awaiting moves from the SEC.
Ripple CEO, Brad Garlinghouse, stated that ETFs are a way to help institutional investors easily participate in the cryptocurrency market through regulated financial products. He also emphasized the rapid development of Bitcoin ETFs and hopes for the same with XRP.
Recently, Volatility Shares launched the first XRP futures ETF on Nasdaq, alongside products from CME Group and Tectrium. This reflects the growing interest of institutional investors, boosting the potential approval of the XRP ETF.