{"id":125857,"date":"2025-03-26T14:22:50","date_gmt":"2025-03-26T14:22:50","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125857"},"modified":"2025-03-26T14:22:50","modified_gmt":"2025-03-26T14:22:50","slug":"xrp-etf-obvious-as-polymarket-bettors-up-approval-odds-to-85","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125857","title":{"rendered":"XRP ETF \u2018obvious\u2019 as Polymarket bettors up approval odds to 85%"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto community members are growing more optimistic about an XRP exchange-traded fund (ETF) approval following the resolution of a multi-year legal battle between Ripple and the United States Securities and Exchange Commission (SEC).\u00a0<br \/>\nOn March 19, Ripple CEO Brad Garlinghouse announced the case had concluded. In an X post, the Ripple executive said the SEC will drop its appeal against Ripple, ending the $1.3 billion unregistered securities suit that started in December 2020.\u00a0<br \/>\nFollowing the development, Nate Geraci, president of the advisory firm ETF Store, said on X that the approval of an XRP (XRP) ETF is next. Geraci said it was \u201cobvious\u201d that it\u2019s only a \u201cmatter of time\u201d before the SEC approves an XRP ETF.\u00a0<br \/>\nThe executive predicted that asset managers like BlackRock and Fidelity would be involved in offering the asset.\u00a0<br \/>\nPolymarket punters give 86% odds to XRP ETF approval in 2025<br \/>\nAside from Geraci, users on the crypto betting platform Polymarket also expect approval for an XRP ETF in 2025. On March 26, Polymarket gave an 86% chance that an XRP-based ETF product would be approved this year.\u00a0<br \/>\nThe bet will resolve if an XRP ETF receives approval from the SEC by Dec. 31. At the time of writing, the betting market had a volume of $55,000.\u00a0<br \/>\nPolymarket shows an 86% chance that a Ripple ETF will be approved in 2025. Source: PolymarketHowever, users only give a 42% chance that an XRP ETF will be approved before July 31.<br \/>\nDespite being a gambling site, Polymarket users\u2019 predictions have historically been very accurate. A Dune Analytics dashboard studying the accuracy of Polymarket bets showed that the platform had been accurate by over 90% a month before betting markets were resolved.\u00a0<br \/>\nRelated: SEC plans 4 more crypto roundtables on trading, custody, tokenization, DeFi<br \/>\nXRP price only surged by 5% as the SEC battle ends<br \/>\nDespite being a huge milestone, the end of the multi-year legal battle between Ripple and the SEC failed to move the markets significantly. On March 19, XRP traded at $2.32, according to CoinGecko. At the time of writing, the asset hovers at around $2.44, a 5% increase.\u00a0<br \/>\nOn March 21, analysts said the new development had already been priced in. Nicolai Sondergaard, research analyst at Nansen, previously told Cointelegraph that the resolution had been widely expected.\u00a0<br \/>\nMagazine: Memecoins are ded \u2014 But Solana \u2018100x better\u2019 despite revenue plunge<a href=\"https:\/\/cointelegraph.com\/news\/polymarket-xrp-etf-approval-2025-sec-ripple-case?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto community members are growing more optimistic about an XRP exchange-traded fund (ETF) approval following the resolution of a multi-year legal battle between Ripple and the United States&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125857"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125857"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125857\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125857"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}