The post XRP ETF Approval: Polymarket Bets 78% Chance Despite Analyst Doubts appeared first on Coinpedia Fintech News
Just days after renowned crypto market analysts Eric Balchunas and James Seyffart stated that XRP has less chance than LTC, DOGE and SOL of receiving approval from the US Securities and Exchange Commission to start a spot ETF in 2025, the probability value of a polymarket bet (titled “Ripple ETF approved in 2025”), with a volume of $41,610, has touched as high as 78%. This indicates that the analysts’ revelation against XRP has had no impact on the confidence of the cryptocurrency community in the future prospects of this digital asset.
XRP ETF Approval: 78% Probability on Polymarket
XRP is the third-largest player in the cryptocurrency market, with a market cap of $149,715,199,049. The two top players, Bitcoin and Ethereum, were allowed to enter the spot ETF market by the SEC in 2024. Naturally, there is a chance for XRP to enter the spot ETF market soon. Could that happen this year?
As per the Polymarket bet mentioned above, there is a 78% probability that an spot XRP ETF will receive approval from the US SEC in 2025.
At least seven fund management conglomerates, including 21shares, Grayscale, Bitwise, Canary Capital, and Wisdomtree, have come forward so far, expressing their interest in starting a spot XRP ETF.
Comparing Predictions: Polymarket vs Analysts’ Analysis
Last week, Eric Balchunas and James Seyffart claimed that it won’t be easy for a spot XRP ETF to get SEC approval.
Interestingly, as per their view, Litecoin, Dogecoin and Solana have a higher chance of receiving SEC approval to enter the spot ETF market in 2025 than XRP.
According to them, a spot LTC ETF has a high chance of 90%, and a spot DOGE ETF and a spot SOL ETC have 75% and 70% probabilities, respectively.
They specifically noted that the probability of a spot XRP ETF receiving SEC approval in 2025 is not more than 65%.
Other Crypto ETF Predictions on Polymarket
It appears that Polymarket betters are not as confident as the analysts about the spot LTC ETF approval.
A polymarket bet (titled ‘Litecoin ETF approved in 2025’), with a small volume of $20,537, shows that there is only an 84% probability for a spot LTC ETF approval this year.
Meanwhile, bettors are more confident than the analysts when it comes to Solana.
- Also Read :
- XRP Price Prediction For February 18
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A polymarket bet (named ‘Solana ETF approved in 2025’), with a massive volume of $78,694, showcases that there is no less than an 82% chance for a spot SOL ETF approval this year.
Anyway, no bet on the spot DOGE ETF approval in 2025 has been created in the polymarket platform yet.
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