The expectation of investor for XRP -based stock market investment funds is rapidly rising. According to Polymarket data, the probability of approved XRP Spot ETFs increased to 83 percent this week. Although the US Securities and Stock Exchange Commission (SEC) has postponed the decision process on applications, optimistic atmosphere is protected. All eyes have been translated into the decision expected to be given in October.
Expectations for Spot XRP ETF approval are increasing
Recently, expectations of the approved of the stock market investment funds based on XRP have increased remarkable. The estimation market in Polymarket, the probability of approval increased from 70 percent to 83 percent in just a few days. In other words, most of the investors believe that SEC will have green light on XRP -based ETF applications. The most remarkable part of this ascension is that SEC has not yet made an official decision and has extended the evaluation process.
Platforms such as Polymarket are based on investors’ real -time predictions and therefore an important indicator is considered in the market. This intense interest in XRP ETFs is not limited to price potential. At the same time, it is considered a critical step for XRP to be accepted by corporate investors in the US markets. Investors think that it is inevitable to integrate crypto currencies with traditional financial means.
SEC’s extension of the process did not reduce optimism
The US Securities and Stock Exchange Commission postponed its decision on XRP -based ETF applications to a later date. Bitwise, Franklin Templeton, Coinshares and Grayscale are among the companies that make applications. However, the SEC officials say that this delay does not have a negative meaning and that it is only a natural part of the examination process. The commission is expected to make its final decision in October.
Market analysts emphasize that in the past, similar delays in similar applications for ETF and this is a standard practice. Experts think that SEC is cautious in order not to mislead the public in this process. However, the crypto currency community reads the process as a promising development. It is stated that delays are no longer a concern for investors, and it is perceived as a sign indicator that is more seriously governed.
Increasing belief for XRP ETFs shall also shape investor behaviors. While market players are preparing to take positions according to the SEC decision, it is estimated that the institutional interest in XRP will increase if such products are approved. Such a scenario can change not only the price of the XRP, but also the appearance of the general crypto currency market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
