The odds of an XRP spot exchange-traded fund (ETF) gaining regulatory approval have soared to 83%, according to prediction market platform Polymarket—marking a 13% jump this week alone. This spike comes even as the U.S. Securities and Exchange Commission (SEC) continues to delay decisions on pending ETF applications.
Asset management firms including Bitwise, CoinShares, Franklin Templeton, and Grayscale are currently awaiting the SEC’s verdict on their XRP spot ETF filings. Analysts now anticipate that the agency will likely make its decisions by October. While the delays were expected, the growing approval odds suggest rising confidence from market participants.
This optimism has been further fueled by the launch of XRP futures ETFs. Last week, Volatility Shares debuted the first-ever XRP futures ETF on the Nasdaq under the ticker XRPI, offering investors regulated access to trade XRP-based derivatives. This follows the May 19 launch of a similar XRP futures product on the CME Group platform.
In addition, Tectrium has introduced a leveraged 2x Long Daily XRP ETF, expanding institutional trading options. These developments highlight increasing institutional interest in XRP as a tradable and regulated asset class.
Also Read: XRP Forecast: $1.90 and $1.55 Identified as Make-or-Break Levels
Ripple CEO Brad Garlinghouse emphasized the significance of crypto ETFs during a recent episode of the company’s podcast Crypto in One Minute. “Wall Street and other institutional investors have struggled to directly access crypto markets,” he explained. “ETFs provide a familiar, regulated route to gain exposure without relying on crypto exchanges or self-custody.”
Garlinghouse cited the rapid adoption of Bitcoin ETFs, noting, “The Bitcoin ETF was the fastest ever to reach $1 billion in assets, and it topped $10 billion faster than any ETF in history.” He expressed optimism that XRP will follow a similar trajectory as investor interest continues to grow.
As regulated XRP investment vehicles expand, the rising ETF approval odds reflect mounting institutional confidence. With the SEC’s decision window approaching, XRP may be poised to take a major step toward mainstream financial integration.
