XRP ETF ‘obvious’ as Polymarket bettors up approval odds to 85%

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XRP ETF ‘obvious’ as Polymarket bettors up approval odds to 85%

Polymarket shows an 86% chance that a Ripple ETF will be approved in 2025. Source: Polymarket

Crypto 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). 

On 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. 

Following 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 “obvious” that it’s only a “matter of time” before the SEC approves an XRP ETF. 

The executive predicted that asset managers like BlackRock and Fidelity would be involved in offering the asset.