Trump’s SEC Team Boosts Spot XRP ETF Approval Odds to 70%
- Polymarket states that XRP ETF approval chances this year stand at 70%.
- XRP has surged 12% in the past week and trades at $2.45.
- XRP RSI on the weekly chart shows that the altcoin is overbought.
The digital asset market may see the debut of a spot exchange-traded fund (ETF) for XRP in 2025, with the pro-crypto Trump administration taking office. Approval of this product may bring significant capital into XRP, allowing a broader range of investors to access its price trends through ETFs.
The likelihood of spot XRP ETF approval in the United States by 2025 stands at 70%, according to Polymarket, a cryptocurrency-based prediction platform. The digital asset community also anticipates more altcoin ETF filings soon.
Read also: XRP Price Surge Prediction: Analyst Sees 50% Breakout Potential
The Securities and Exchange Commission (SEC), led by Gary Gensler, rejected altcoin ETF applications, including a spot Solana ETF in August 2024. However, the agency approved Bitcoin and Ethereum ETFs earlier that year, in March and M…
The post Trump’s SEC Team Boosts Spot XRP ETF Approval Odds to 70% appeared first on Coin Edition.
Read More
Trump’s SEC Team Boosts Spot XRP ETF Approval Odds to 70%
- Polymarket states that XRP ETF approval chances this year stand at 70%.
- XRP has surged 12% in the past week and trades at $2.45.
- XRP RSI on the weekly chart shows that the altcoin is overbought.
The digital asset market may see the debut of a spot exchange-traded fund (ETF) for XRP in 2025, with the pro-crypto Trump administration taking office. Approval of this product may bring significant capital into XRP, allowing a broader range of investors to access its price trends through ETFs.
The likelihood of spot XRP ETF approval in the United States by 2025 stands at 70%, according to Polymarket, a cryptocurrency-based prediction platform. The digital asset community also anticipates more altcoin ETF filings soon.
Read also: XRP Price Surge Prediction: Analyst Sees 50% Breakout Potential
The Securities and Exchange Commission (SEC), led by Gary Gensler, rejected altcoin ETF applications, including a spot Solana ETF in August 2024. However, the agency approved Bitcoin and Ethereum ETFs earlier that year, in March and M…
The post Trump’s SEC Team Boosts Spot XRP ETF Approval Odds to 70% appeared first on Coin Edition.
Read More