Enhanced Probability of XRP Spot ETF Approval in 2025 Soars to 85%, as Per U.S. Crypto News Reports

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Fancy a cuppa and a chat about Ripple's prices, now that the likelihood of XRP ETF (exchange-traded funds) approval in the US is skyrocketing to a humongous 85%? These cryptocurrency-based financial instruments have been like kryptonite to the dogged resistance of traditional investors, gradually drawing them to the burgeoning digital assets market.

The SEC's New Sheriff in Town

The crypto community is buzzing with excitement over the promotion of Paul Atkins to the top post of chair at the US Securities and Exchange Commission (SEC). This vibrant climate of optimism springs from the fervent expectation of just what this new appointment might mean for crypto.

After the choking grip of repression imposed by Atkins's predecessor, Gary Gensler, there's plenty of hope that things are about to change, with a fresh approach to crypto regulation on the horizon.

While warm hearts beat with expectation, the question remains: will this be yet another string of positive changes following the recent dismissals of lawsuits against crypto businesses, and loosening of banking regulations?

One thing's for sure—the market is abuzz with whispers of a Strategic Bitcoin Reserve and the prospect of the US stepping up as a colossal Bitcoin Superpower.

Altcoin ETF: The next Big Thing?

According to crypto analyst Eric Balchunas and his buddy James Seyffart, there's a good chance that the SEC will soon grant approval for additional altcoin-based ETFs beyond the overhyped Ethereum ETF.

"Wouldn't it be fantastic if Atkins just nodded his head and said, 'Yep, it's coming,'" Balchunas yapped, referencing the approval process for XRP ETF, among other altcoin-related ETFs.

XRP ETF, it seems, holds an astounding 85% chance of approval, surging it to the head of the regulatory queue for 2025. Balchunas and Seyffart have even put together a handy cheat sheet to give an overview of the various spot crypto ETFs' chances of getting the green light.

While delays in approval might be inevitable, the duo advises the crypto crowd not to throw in the towel just yet. "...Final deadlines for most of this stuff is in October 2025 or later," Seyffart chirped.

Balchunas acknowledges that, with Atkins now in the driver's seat at the SEC, things are a-movin'.

"Remember folks, 'nothing was going to get approved until Atkins was confirmed...he just got confirmed and they've been taking outside meetings with people. Probably coming up with a strategy. After that, likely approvals.'" Balchunas reckoned.

The excitement on the floor is palpable, with many crypto traders hoping that the approval of more altcoin-based ETFs would grant crypto a swath of legitimacy, open up the playing field for institutional participation, and boost liquidity.

The recent publication of US Crypto News points to a growing preference for Bitcoin over gold, fueled by Bitcoin ETF inflows outpacing gold ETPs (exchange-traded products).

Rumors Debunked: ProShares Yanks Spot XRP ETF Approval

However, the rumors of an XRP ETF approval have been proven unfounded. Only leveraged and short XRP futures ETFs have been given the green light, starting April 30th.

Yet, the approval of ProShares' XRP futures ETF has injected a fresh breath of optimism into the market, sparking predictions of a potential spot XRP ETF and a deluge of $100 billion into Ripple.

"A spot XRP ETF could be next, unlocking major demand and sending prices soaring. $100 billion+ could soon flow into Ripple," prophesies industry expert Armando Pantoja.

If approved, analysts forecast a price surge of close to 50% for Ripple, with the price potentially reaching the $3.40 level. Others even speculate that Ripple might overtake Ethereum in market capitalization rankings.

Predictions and Perspectives on Approval Probabilities

Here's what the pros have been slinging around the water cooler:

Polymarket bettors: see a 45% chance that the US SEC will approve XRP ETFs in the US by July 31st.
Polymarket bettors: see an 80% chance that the US SEC will approve XRP ETFs in the US before the end of the year or in 2025.

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In the buzzing crypto world, the promotion of Paul Atkins to the top post at the US Securities and Exchange Commission (SEC) is sparking optimism, with many hopeful for a positive change in crypto regulation.
As traditional investors continue to be drawn to the digital assets market due to cryptocurrency-based financial instruments like ETFs, the likelihood of XRP ETF approval in the US is skyrocketing to a monumental 85%.
The SEC's new chair, Paul Atkins, may bring about a fresh approach to crypto regulation, potentially leading to the approval of additional altcoin-based ETFs, like the Ethereum ETF.
Balchunas and Seyffart believe that the duo has an astounding 85% chance of approval and have even provided an overview of various spot crypto ETFs' chances of getting the green light.
Despite possible delays in approval, the crypto community remains hopeful, with many anticipating that the approval of more altcoin-based ETFs would grant legitimacy, open up the playing field for institutional participation, and boost liquidity.
The US Crypto News suggests a growing preference for Bitcoin over gold, as Bitcoin ETF inflows outpace gold ETPs.
Industry expert Armando Pantoja predicts that a spot XRP ETF could be a game-changer, potentially sending Ripple prices soaring and unlocking major demand, with the possibility of Ripple surpassing Ethereum in market capitalization rankings.
The pros, according to Polymarket bettors, see a 45% chance that the US SEC will approve XRP ETFs in the US by July 31st and an 80% chance that the approval will happen before the end of the year or in 2025.
Bitcoin reserves on centralized exchanges are temporarily reduced, potentially enhancing positive price momentum by mitigating selling pressure.
Cardano whales have been acquiring massive amounts of ADA in April, demonstrating their confidence in the cryptocurrency despite ADA's inability to break above key resistance levels, while Ethereum struggles with a tale of two ambitions, wrestling between revenue and store-of-value aspirations.