Investors expect ETF approval of XRP by the Securities and Exchange Committee (SEC), especially after the end of the long legal battle between ripple And the American organizational body.
the Ripple CEO, Brad GarlinghouseHe announced the closure of the case March 19With SEC decision to withdraw the appeal against the company.
As a result, industry experts love Nate Girassypresident ETF storeand Believe It is a matter of time only before approving a trading box (ETF) based on XRP.
Users PolymarketA famous encrypted betting platform, also gives a high possibility to make a positive decision by SEC, with expectations. 86 % possibility this XRP ETF will be approved By 2025.
Polymarket expectations: The market is betting on XRP ETF by 2025, Samah SEC
The long conflict arose between SEC and Ripple in December 2020. When the agency began the procedures against the company, accused of selling XRP as an unregistered guarantee of a total value of $ 1.3 billion.
After more than three years of conflicts, on March 19, 2024, Brad Garlinghyus confirmed that the Supreme Education Council has decided to drop the appeal. Thus, an official end to the legal battle.
This decision raised new discussions on the possibility of seeing ETF approval on XRP soon. This could represent an important opportunity for institutional investors and to eat the encrypted currency market.
According to Nate Geraci, it would be “clear” that the issue of time only before SEC agrees to a box that repeats the XRP price.
Like what happened recently Bitcoin etfs. Blackrock and SincerityThe asset management giants can be among the ready -made companies to launch these financial products.
The encryption community appears to be compatible with this optimistic opinion. The Polymarket financial prediction platform set an 86 % probability that ETF on XRP will be approved by December 2025.
According to the basic system rules, the bet will be considered positive only if it is SEC already approves ETF based on XRP by December 31, 2025.
At the time of the survey, the size of the betting market reached almost $ 55,000Which reflects a strong interest of investors in the encryption sector.
However, short -term expectations are less optimistic. According to polymarket, there is only a 42 % probability The approval will be made by July 31, 2024.
Trustees of polymers
Although it is a platform for Wager DecentralizationPolymarks predictions often prove that they are very accurate.
According to data from Sandin dune analyzesThe bets on polymarket were more accurate 90 % when analyzed one month before the prediction market is closed.
This fixed reliability can enhance investor confidence in the possibility of ETF approval of XRP in the near future.
Surprisingly, the end of the legal conflict between Tamps and SEC It had no significant impact on the price of XRP.
On March 19, on the same day, Brad Garlinghyus announced the conclusion of the case, the price of the distinguished symbol was $ 2.32According to Coingecko.
After a few days, XRP recorded a modest increase, settled around it $ 2.44A mark only a 5 % growth.
According to analysts, The positive result of the situation was already expected by the marketThis is why there are no large bull movements.
Nikolai SondargardAnalyst in NansonHe explained that the market has already taken into account the possible favorable result in determining the price of the asset.
Waiting for the following developments in the encryption market
Possible approval on ETF on XRP is an important step for the encrypted currency sector. Thus making the original easier for institutional investors and may increase the market value.
At the present time, it remains to see If and when SEC will give the green light to ETF on XRP Which will apply for the launch of the first fund based on this original.
However, with the recent decisions of SEC and the increasing market interest, optimism continues to agree to growth.
