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Home News Crypto

WiseCryptoNews Launches Amid Rising Confidence in XRP ETF Approval

6 May 2025
in Crypto, News
Reading Time: 3 mins read
108 1
WiseCryptoNews Launches Amid Rising Confidence in XRP ETF Approval

Source: WiseCryptoNews

WiseCryptoNews has launched a platform designed to offer real-time insights into digital asset trends, responding to the growing demand for clarity amid evolving regulatory landscapes. This debut is pivotal as market focus sharpens on the potential approval of a spot XRP exchange-traded fund (ETF).

According to the decentralized prediction platform Polymarket, the odds of the U.S. SEC approving a spot XRP ETF by the end of 2025 have surged to 79%, up from 65% just weeks ago. This increase reflects a growing optimism fueled by improved regulatory conditions and renewed momentum in the broader altcoin ETF market.

This rising confidence has remained steady, with the forecast between 77% and 79% in recent days. Notably, this optimism follows the SEC’s March 2025 dismissal of its lawsuit against Ripple Labs, which had long cast a cloud over XRP’s regulatory future. With this legal uncertainty now behind, attention has shifted toward the mainstream adoption of XRP through a regulated ETF. 

While a spot ETF is still under review, the SEC has approved three XRP futures ETFs from ProShares. Initially set for an April 30 launch, ProShares has moved the target date to May 14, pending further regulatory approval.

Unlike futures-based ETFs, spot ETFs offer direct exposure to XRP, making them more attractive for long-term investors. Several major firms, including Franklin Templeton, Grayscale, and WisdomTree, have pending applications for spot XRP ETFs. The SEC recently delayed its decision on Franklin Templeton’s application to June 17.

Analysts at Standard Chartered have projected that an XRP ETF could attract up to $8.3 billion in inflows, potentially driving XRP’s price to $8 by 2026. Currently, XRP trades around $2.20, with its market performance closely tied to upcoming regulatory developments. With the SEC’s next closed meeting scheduled for May 8, investors are watching closely for any further updates.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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Tags: ETFWiseCryptoNewsXRP
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Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

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