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Cryptocurrency News Articles
XRP Spot ETFs Have a 90% Chance of Approval in 2025, Shows Latest Data
Apr 30, 2025 at 05:20 pm
The latest data from senior exchange-traded fund analyst at Bloomberg, Eric Balchunas, shows that Litecoin-based spot investment products have a higher chance of approval in 2025 than XRP ETFs.
According to the X post on April 30, spot Litecoin and Solana ETFs have a 90% chance of approval in 2025.
The decision for the LTC-based investment products in the US will likely be announced on Oct 2. The deadline for the US-based spot SOL ETFs is scheduled for Oct 10.
The good news keeps rolling in! We're now 90% sure the Litecoin & Solana ETFs will get approved.
The bad news (for those who like optimism) is that we're less optimistic on the other types of crypto ETFs.
Here's the latest breakdown of the odds.https://t.co/nLhYJJmO9U
— Eric Balchunas (@EricBalchunas) April 30, 2025
Spot XRP ETFs came a little short with an 85% chance of receiving the approval to launch in 2025. The final Securities and Exchange Commission deadline is set for Oct 17 for the long-awaited XRP-based investment products.
The US SEC currently acknowledges all eight digital assets on the list with ETP filings as commodities - LTC, SOL, XRP, DOGE, ADA, DOT and AVAX.
One Last Stop?
Eleanor Terrett, a former Fox Business reporter, stated on April 29 that the SEC postponed its decision on the Franklin Templeton spot XRP ETF until June 17. The original deadline for the decision was May 3.
The SEC has delayed making a decision on Franklin Templeton's $XRP spot ETF until June 17. It was originally due on Wednesday, May 1.
— Eleanor Terrett (@EleanorTerrett) April 29, 2025
XRP faced a mild price correction following the delay on the ETF decision.
The digital asset dropped 3% and is currently trading at $2.2. At the moment, Ripple's flagship cryptocurrency is the fourth-largest digital asset with a market capitalization of almost $130 billion.
The price drop on XRP also coincides with a correction in the market. As seen on CoinMarketCap, the global cryptocurrency market cap decreased by 0.4% to $2.96 trillion.
Many analysts still believe that the approval of spot XRP ETFs could help the digital asset reach new all-time highs, similarly to the Bitcoin-based investment products.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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