The post XRP ETF Approval in 2025? Polymarket Bets on 84% Probability appeared first on Coinpedia Fintech News
The settlement of the years-old legal dispute between the US Securities and Exchange Commission and Ripple, a prominent cryptocurrency company, has significantly increased market confidence that a XRP ETF will be approved by the regulator in 2025. Polymarket bettors suggest that there is a 84% probability of a XRP ETF approval in 2025. Here is everything you should know about the development. Read on!
Why Does XRP ETF Approval Look Likely?
The long-standing legal dispute between the US SEC and Ripple was settled recently. With the development, the major barrier, which prevented financial institutions from adopting XRP, has been completely dismantled.
Polymarket Date: Investors Bet Big on XRP ETF Approval
The settlement of the legal dispute has tremendously increased market confidence that an XRP ETF will be approved by the SEC soon.
According to Polymarket bettors, there is a 84% chance that an XRP ETF will be approved by the SEC by the end of this year.
Experts Weigh In: BlackRock and Fidelity’s Potential Role
The ETF Store president Nate Geraci asserts that an XRP ETF approval will definitely happen. He forecasts that BlackRock and Fidelity will play a prominent role in the XRP ETF sector.
However, earlier, BlackRock ETF Department Head Jay Jacobs strongly denied rumours that the organisation is considering altcoins like XRP.
Experts believe that the newly evolved regulatory scenario will encourage top players, like BlackRock, to reconsider their stance.
How an XRP ETF Could Impact Institutional Adoption
If the SEC approves XRP ETFs, financial giants like BlackRock and Fidelity could bring more institutions into the market.
This would increase XRP’s legitimacy and institutional usage.
XRP Price Predictions: Will It Hit $29 or Drop to $1?
Acclaimed cryptocurrency trader Peter Brandt warns that if the XRP falls below key levels, the XRP market could drop to $1.07. Meanwhile, he notes that if the market remains above the crucial market of $3, it will be unwise to sell this token.
However, Bitwise predicts that if XRP captures a good share of the payments and tokenisation sectors, the XRP market could rise to as high as $29.32 by the end of this decade.
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Experts predict that an XRP ETF could drive institutional adoption, potentially pushing prices as high as $29 by the decade’s end.
