Decision on XRP-based ETF postponed to June 17, leaving crypto market in suspense over SEC's decision
Taking a Deep Dive into the XRP ETF Approval Saga
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The odyssey of the U.S. spot XRP ETFApproval has gathered momentum, showered with a wave of heightened optimism. Following the settlement of Ripple's lawsuit with the SEC, enthusiasts pine for the SEC's green light more than ever.
According to financial analysts at Bloomberg, the chances of this wish becoming a reality landed at an astounding 85%[2]. This is a significant leap up from earlier predictions.
Other popular crypto coins like Litecoin, Solana, and multicrypto ETFs also boast promising probabilities. Litecoin clocks in at about ~90%, and the Solana community is hopeful with a high-probability rating (precise percentage unspecified, but it's grouped with other major altcoins)[5].
The Regulatory Chessboard
Initial expectations pegged mid-2025 for these approvals. However, recent developments hint at a possible delay until October 2025. The SEC is currently sifting through more than 70 crypto-related ETF proposals[4]. The June 2025 deadline for XRP and Dogecoin ETF applications may serve as a potential review window, although the final decisions could extend beyond that date[4].
Market Implications
ETF approvals would usher in an era of simplified exposure to these assets for mainstream investors, with regulated avenues becoming readily available. The SEC's commodity classification for XRP, Litecoin, and other coins bolsters their approval chances, making them analogous to Bitcoin and Ethereum in terms of regulatory treatment[5]. Keeping a keen eye on SEC filings and Bloomberg analyst commentary is pivotal as the deadlines draw near[2][4][5].
[1] Ripple vs SEC Settlement: What It Means for XRP, Crypto, and the SEC[2] Report: SEC Expected to Closely Review 70 Crypto ETF Proposals in 2025[3] Top Cryptocurrencies by Market Capitalization: A Comprehensive List[4] XRP and Dogecoin ETF Applications Could Face Delays, Experts Say[5] Should Investors be Optimistic About Approval of Altcoin ETFs?—A Comprehensive Analysis
- The settlement of Ripple's lawsuit with the SEC has fueled expectations for the approval of an XRP ETF, with financial analysts projecting an 85% chance.
- Litecoin, like XRP, also shows a promising probability of 90% for an ETF approval.
- The Solana community is hopeful, as its ETF approval chances are grouped with other major altcoins, although the exact percentage is unspecified.
- Initial expectations suggested mid-2025 for these approvals, but recent developments hint at a possible delay until October 2025.
- The SEC is currently reviewing more than 70 crypto-related ETF proposals, and the June 2025 deadline for XRP and Dogecoin ETF applications may serve as a potential review window.
- The final decisions could extend beyond the June 2025 deadline.
- ETF approvals would provide simplified exposure to these assets for mainstream investors, making crypto more accessible through regulated avenues.
- The SEC's commodity classification for XRP, Litecoin, and other coins increases their chances of approval, making them similar to Bitcoin and Ethereum in terms of regulatory treatment.
- Keeping track of SEC filings and Bloomberg analyst commentary is essential as the deadlines approach.
- Cardano, Solana, Pepe, and other tokens are also part of the crypto market, with their associated wallets and exchanges playing significant roles in the investment landscape, powered by technology and finance.
