ETF Approval Odds Increase by 13% 

Prediction market platform Polymarket reports a sharp rise in expectations for XRP spot ETF approval. This week, the approval odds jumped from 70% to 83% in just a few days. Interestingly, this surge occurred despite the SEC delaying some XRP ETF applications. 

Bitwise, CoinShares, Franklin Templeton, and Grayscale are among the asset managers whose applications are under SEC review. Analysts note that such delays are expected. Decisions are anticipated in October. The ETF community states that such postponements are normal during the review process. Back in May, the SEC also postponed several other crypto ETF proposals besides Ripple’s. 

Ripple CEO Brad Garlinghouse shared key insights on XRP ETFs in the latest episode of the “Crypto in One Minute” podcast. He described ETFs as tools that make crypto investment more accessible to institutional investors. 

Garlinghouse said: 

“Wall Street and other institutional investors have had difficulty accessing crypto markets directly. With ETFs, they can now invest through regulated financial products instead of relying on crypto exchanges or self-custody wallets.” 

He also pointed out the rapid growth of Bitcoin ETFs: 

“Bitcoin ETF became the fastest ETF to reach $1 billion in assets. It surpassed $10 billion faster than any other ETF.” 

Garlinghouse expects continued institutional interest that will encourage the launch of more products, including Ripple-linked ETFs. 

XRP Futures ETFs: New Market Entrants 

Despite delays in spot ETF decisions, major developments are happening in the market. Volatility Shares launched the first XRP futures ETF on Nasdaq under the ticker XRPI. This came shortly after CME Group introduced an XRP futures product on May 19. 

These futures provide investors with regulated access to contracts based on XRP’s future price. Similar products already existed for Bitcoin and Ethereum. Tectrium also introduced a leveraged product named the 2x Long Daily XRP ETF. 

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The post XRP ETF Approval Rises to 83%: Polymarket Data  appeared first on Coin Engineer.

New XRP Derivative Products Make Their Impact on Price

ProShares will launch three new funds after filing documents with the U.S. Securities and Exchange Commission (SEC) on Wednesday: ProShares Ultra XRP ETF, ProShares UltraShort XRP ETF, and ProShares Short XRP ETF.

Nate Geraci, President of ETFStore, stated on social media that “These are not spot XRP ETFs,” emphasizing that the new products offer exposure to XRP’s price movements through derivatives with leverage.

Following the news, XRP’s price surged by over 7% in the last 24 hours. However, the markets are mainly focused on the SEC’s pending decisions regarding the spot XRP ETF applications. Approval of spot ETFs is expected to potentially trigger an $8 billion influx of new capital.

Why Are ProShares’ New Funds Important?

The new ETFs allow investors to take leveraged positions on XRP’s price movements, whether up or down. Thanks to these leveraged XRP ETF products, XRP has managed to gain further footing in regulated markets.

Geraci raised a critical point by asking, “Why are derivative products being approved before spot ETFs?” This is especially noteworthy because, in traditional markets, spot ETFs usually debut first, followed by leveraged products. However, in the crypto sector, the opposite trend has emerged: as seen with Bitcoin and Ethereum, futures-based ETFs received approval before any spot ETFs.

Current Status of Spot XRP ETF Applications

In recent months, the SEC has officially acknowledged spot XRP ETF applications from major firms such as Bitwise, 21Shares, and Grayscale. This acknowledgment starts the official clock for an approval or denial decision. According to Bloomberg data, final decisions are expected around mid-October 2025.

Unlike last year, XRP ETF applications are no longer being immediately rejected, which is seen as significant progress.

Meanwhile, sentiment on the prediction platform Polymarket remains cautious. Currently, bettors place a 42% chance of a spot XRP ETF being approved by the end of July 2025, but the probability rises to around 76% by the end of 2025. At the moment, investors are showing strong interest in the launch of leveraged XRP ETF products.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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