The post XRP ETF News: Approval Odds Hit 90% as Polymarket Bets Soar appeared first on Coinpedia Fintech News
Investor excitement is heating up around the possibility of a U.S.-approved spot XRP ETF in 2025. On Polymarket, a popular crypto prediction platform, the odds of approval have soared to 90%, up from 70% just weeks ago. This spike in sentiment reflects growing optimism that XRP could follow in the footsteps of Bitcoin and Ethereum, which already boast spot ETFs in the U.S.
A Game-Changer for XRP?
If approved, the spot XRP ETF would make the token more accessible to mainstream investors by listing it on traditional stock exchanges. This eliminates the need for digital wallets, making XRP easier to buy, sell, and hold, especially for institutions that typically avoid direct crypto exposure. The approval could usher in fresh liquidity and draw in large-scale players like hedge funds and asset managers.
The Polymarket prediction contract has already seen over $95,000 in volume, signaling strong conviction among participants. The platform’s markets often react to regulatory news and broader sentiment, offering a snapshot of what traders believe could happen next.
SEC Delay Keeps Market on Edge
Despite the surge in betting odds, the U.S. SEC is keeping the crypto market in suspense. It recently announced a 35-day delay in its decision on Franklin Templeton’s proposed spot XRP ETF, along with a similar delay for a spot Solana ETF. The agency instead opened a public comment period, pushing any final decision into the second half of 2025.
Canada Takes the Lead
While U.S. regulators stall, Canada has already taken a step forward. Canadian firms like Purpose Investments, 3iQ, and Evolve have already received approval from the Ontario Securities Commission (OSC) and launched their ETFs. Purpose has even waived its management fees until February 2026, making its XRP ETF the first to offer zero fees for early investors.
With $8.3 million in assets under management already, Canada’s clear and proactive regulatory stance is driving real-world product rollout, unlike the U.S., where uncertainty continues to hold back progress.
XRP’s current Market Snapshot
As anticipation builds around upcoming XRP ETFs, the XRP price remained surprisingly stable despite extreme market turbulence. Over 12 hours, XRP experienced an abnormal 8,466% spike in long-to-short liquidation imbalance, with over $508,000 wiped from bullish positions. Yet, XRP’s price barely moved, gaining just 0.20% and staying around $2.15. This suggests that while traders were overly bullish, possibly fueled by ETF optimism, the price itself resisted major swings, highlighting XRP’s resilience amid rising institutional interest.