XRP Spot ETF Approval Probability Rises to 85% for 2025 | US Crypto News

Welcome to the US Crypto Morning News—the essential summary of the most important developments in the crypto field for today.

Let's sip a cup of coffee to see what experts think about Ripple's price as the possibility of ETF (exchange-traded fund) approval for XRP continues to increase. These financial instruments provide investors with indirect access to crypto and gradually attract institutional participation in the digital asset space.

XRP ETF Approval Probability Soars to 85%

The crypto market remains excited about Paul Atkins becoming the chairman of the US SEC (Securities and Exchange Commission).

There is great hope and optimism about the significance of this appointment for crypto, following a period of strict regulation under his predecessor, Gary Gensler.

After positive breakthroughs in lawsuits against crypto companies and the reversal of oppressive banking regulations, what will happen next? One thing is that the market anticipates the deployment of the Strategic Bitcoin Reserve, with the US on track to become a global Bitcoin superpower.

Meanwhile, ETF analyst Eric Balchunas has called on Paul Atkins to indicate when the US SEC will approve the first spot XRP ETF, along with other altcoin-based financial instruments.

In the meantime, he and his colleague, ETF analyst James Seyffart, remain optimistic that approval of additional altcoin ETFs beyond Ethereum is just a matter of time.

"Very eager to hear directly from Atkins, but all chances are possible," Balchunas said.

Specifically, for them, the XRP ETF has an 85% chance of approval, placing it among the leaders for regulatory approval in 2025. Balchunas also shared a list specifying approval probabilities for various spot crypto ETFs.

Meanwhile, Seyffart notes that delays in approval should not be surprising. He calls on crypto market participants to maintain hope beyond October 2025 and year-end in the worst-case scenario.

"...The final deadline for most of these is in October 2025 or later," Seyffart said.

However, Balchunas acknowledges that Paul Atkins' confirmation as the new SEC chairman has initiated the process.

"...nothing will be approved until Atkins is confirmed...he was just confirmed and they've had outside meetings with people. Likely strategizing. Then likely approvals," Balchunas observed.

Crypto traders and investors will welcome more exchange-traded funds based on altcoins beyond the Ethereum ETF. These financial instruments will bring more legitimacy to crypto, expand the playing field for institutional participation, and thus increase liquidity.

A recent US Crypto News publication shows increasing acceptance of BTC compared to gold, with Bitcoin ETF inflows strongly increasing while gold exchange-traded products (ETP) are slowing down.

ProShares Futures XRP ETP Will Begin Trading

Meanwhile, these developments occur after circulating misleading rumors that the US SEC had approved an XRP ETF. However, BeInCrypto has refuted these claims, clarifying that only leveraged and short-term XRP futures ETFs are permitted to trade on 04/30.

Despite the misleading statements, the approval of ProShares' XRP futures ETF has sparked optimism. Experts now predict that a spot XRP ETF may follow, potentially attracting 100 billion USD into this payment token.

"A spot XRP ETF could be next, unlocking real demand and pushing prices higher. Over 100 billion USD could soon pour into XRP," industry expert Armando Pantoja wrote.

In this context, analysts suggest that an approval could cause XRP price to increase by nearly 50%, potentially reaching $3.40. Others also suggest that XRP could surpass Ethereum in market capitalization.

Chart of the Day

This chart shows that bettors on Polymarket see a 45% chance that the US SEC will approve the XRP ETF in the US before 07/31.

This chart shows that bettors on Polymarket see an 80% chance that the US SEC will approve the XRP ETF in the US before the end of the year or in 2025.