Based on information from Polymarket, there has been a significant increase in the likelihood that the U.S. Securities and Exchange Commission will approve an XRP ETF by 2025.
As of now, those betting on Polymarket predict a 71% likelihood of an XRP ETF being approved by the SEC this year. It’s important to keep in mind that since the market has only a small trading volume of $6,128, any odds provided should be viewed cautiously. The market commenced on January 1.
The odds of an XRP ETF being approved by July 31 currently stand at 52%.
As the departure of SEC Chair Gary Gensler approaches within a few days, there’s increasing conjecture about whether the SEC has prepared itself to endorse additional altcoin Exchange Traded Funds (ETFs).
There’s increasing buzz surrounding Litecoin (LTC), an early alternative digital currency that originated from a split in the Bitcoin blockchain.
In simpler terms, Canary Capital’s Litecoin Exchange-Traded Fund (ETF) may soon be available for trading on the NASDAQ stock exchange, as they have submitted a request for approval to relevant authorities.
XRP’s new record high
According to U.Today’s report, the XRP token reached an all-time high due to speculations that the U.S. might establish a reserve containing a mix of domestic cryptocurrencies like XRP.
Additionally, it’s been reported by Reuters that the Securities and Exchange Commission (SEC) might choose not to pursue certain non-fraud related cryptocurrency enforcement actions.
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2025-01-17 00:11