Could XRP ETF Be Next? Polymarket Shows 83% Odds of July Launch

The ETF frenzy is sweeping the crypto market, with Dogecoin, Solana, and memecoin ETFs fueling excitement. Now, XRP is emerging as the next big contender, despite its ongoing legal battle with the SEC. According to Polymarket bettors, there’s an 83% chance an XRP ETF will be approved by 2025.

Major asset managers, including Bitwise, Canary Capital, WisdomTree, and 21Shares, have already filed applications for an XRP ETF. Meanwhile, Grayscale is working to convert its existing XRP Trust into an ETF. This institutional push suggests that XRP could soon follow in the footsteps of Bitcoin and Ethereum in securing a spot in the ETF market.

Trump’s Victory Sparks ETF Optimism

Under the Biden administration and SEC Chair gary gensler gary gensler at US Securities and Exchange Commision Gary Gensler is the chairman of the U.S. Securities and Exchange Commission (SEC). His studies in finance and blockchain at MIT have helped him develop U.S. cryptocurrency regulations and policies. Quick Facts Full name Gary Scott Gensler Birth 18-10-1957, Baltimore, Maryland, United States Nationality American Education MBA from the University of Pennsylvania Marital status Married to Francesca Danieli (1986-2006) Net worth Estimated $100 million Gensler has advocated for enhanced supervision of digital assets, seeking to regulate cryptocurrencies similar to securities. His work at the SEC has focused on safeguarding investors, regulating crypto exchanges, and establishing stablecoin policies. Gary Gensler - Career Highlights 1997 – Became Assistant Secretary of the Treasury. 2009 – Led CFTC, regulating financial derivatives post-2008 crisis. 2018 – Taught blockchain and crypto at MIT. 2021 – Appointed SEC Chairman, focusing on crypto regulations. 2022 – Proposed stricter rules for crypto exchanges. 2023 – Took legal action against major crypto firms. 2024 – Advocated for stronger stablecoin and DeFi regulations. Gary has collaborated with multiple lawmakers in formulating crypto policies. Even with disagreements with crypto investors regarding crypto policies, he continues to be a key player in the changing dynamic between regulatory frameworks and blockchain advancement. Awards & Recognitions of Gary Gensler Year Institution Description 2009 U.S. Treasury Financial Regulation Leader 2018 MIT Blockchain & Crypto Educator 2021 SEC SEC Chairman Overseeing Crypto Policies 2023 Bloomberg Most Influential Regulator in Crypto 2024 Forbes Top Policy Maker in Digital Assets Useful Links to Connect With Gary Gensler Platform Link X (formerly Twitter) twitter.com/GaryGensler CFTC website Chairman Gary Gensler Chairman XRP’s ETF hopes faded. However, with potential leadership changes and Mark Udeya’s more crypto-friendly stance, optimism is returning.

Trump’s victory made it clear that many more ETFs will soon flood the crypto market – above all, XRP. Earlier in January, Ripple Labs president Monica Long remarked an XRP ETF could “soon be a reality” under the new Trump administration.

SEC Approval Odds Remain Strong

Polymarket users have consistently bet on an XRP ETF receiving SEC approval, with odds remaining above 60% since January. As filings continue to roll in, industry experts believe a breakthrough is on the horizon. If the SEC maintains a positive stance on crypto ETFs, XRP could soon enter the market.

Adding to the momentum, XRP’s legal battle with the SEC is expected to conclude by March 2025, potentially clearing the final hurdle for ETF approval.

Price Projections: Could XRP Hit $99?

Currently trading at $3.02, XRP is holding key support levels amid ETF speculation. Analysts have noted similarities to its 2017 breakout, which led to a massive 2,900% rally. If history repeats itself, XRP could surge to $99—though ETF approval could be the ultimate catalyst for institutional inflows.

AI models like DeepSeek are also forecasting an explosive run, predicting XRP will reach $30 before the year ends.

More ETFs on the Way…

After the recent buzz of XRP ETF and many new fillings, FOX correspondent Terrett hinted that there will be more ETF filling coming next week.

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