Eleanor Terrett's Tweet Revealed Key Insights

Eleanor Terrett's tweet revealed key insights from James Seyffart about the potential XRP ETF approval.

The wait for a spot XRP ETF continues, but we’re getting a clearer picture of when a final decision might arrive. In a new tweet, Crypto America Host Eleanor Terrett shared an update from ETF expert James Seyffart.

This update comes after the SEC decided to postpone its decision on Franklin Templeton’s XRP ETF filing. Instead of May, the agency will now make a decision on June 17. While not surprising given the delays on Bitcoin and Ethereum ETFs, the SEC doesn’t always use the full time allowed.

If they begin engaging actively with the issuers and legal teams early on, the decision could arrive sooner. According to Seyffart, this date also coincides with a new prediction from Polymarket. The prediction platform now predicts a 78% chance that the XRP ETF will be approved by 2025.

This aligns with what many in the crypto sphere believe, despite the SEC pushing back on the filing once again. As we previously reported, this prediction from Polymarket also comes as interest in crypto ETFs is increasing.

Earlier this month, Brazil launched what appears to be the world’s first ETF focused on the cryptocurrency XRP. The ETF, named XRPH11, is being managed by Hashdex and Genial Investimentos.

This move is a significant milestone for the cryptocurrency industry, highlighting the growing demand for investment products that provide exposure to digital assets.

The launch of the first XRP ETF in Brazil could also put pressure on U.S. regulators to approve such products. With Brazil's financial market unveiling the XRPH11 ETF, it remains to be seen whether the U.S. will follow suit and greenlight its own XRP ETF.