Crypto Community members are growing more optimistic about the approval of the XRP Exchange-Traded Fund (ETF) following the resolution of a multi-year legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).
On March 19, Ripple CEO Brad Garlinghouse announced that the incident had ended. In a post on X, Ripple executives said the SEC would withdraw its appeal against Ripple and concluded the $1.3 billion unregistered securities lawsuit launched in December 2020.
Following development, Nate Gelachi, president of advisory company ETF Store; I said In X, the following is the approval of the XRP (XRP) ETF. Geraci said it was “clear” that it was “a matter of time” before the SEC approved the XRP ETF.
The executive predicted that asset managers such as BlackRock and Fidelity would be involved in providing assets.
Polymet Punter gives 86% odds to XRP ETF approval in 2025
In addition to Geraci, users of Crypto Betting Platform Polymarket are also available. I look forward to it Approval for the 2025 XRP ETF. On March 26, Polymarket showed that XRP-based ETF products are 86% likely to be approved this year.
If the XRP ETF is approved by the SEC by December 31st, the bet will be resolved. At the time of writing, the betting market volume was $55,000.
Polymarket shows that Ripple ETF is 86% likely to be approved in 2025. Source: Polymarket
However, only users give There is a 42% chance that the XRP ETF will be approved by July 31st.
Despite being a gambling site, Polymarket users' predictions have historically been very accurate. Dune Analysis Dashboard to investigate the accuracy of polymer bets Showed The platform was more than 90% accurate per month before the betting market was resolved.
Related: The SEC is planning four more crypto roundtables on transactions, custody, tokenization and defi
XRP prices rose sharply by only 5% after the end of the SEC battle.
Despite being a major milestone, the end of the multi-year legal battle between Ripple and the SEC failed to move significantly across the market. According to Coingecko, on March 19th, XRP traded for $2.32. At the time of writing, the assets were around $2.44, an increase of 5%.
On March 21, analysts said the prices for the new development were already filled. Nansen research analyst Nikolai Sondergaard previously told Cointelegraph that the resolution was widely anticipated.
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