XRP has increased by more than 10% over the last two days due to positive development associated with the initial approval of the ETF (Exchange-Traded Funds) and the actual asset (RWA) for XRP.
XRP 4 hours chart. Source: COINTELEGRAPH/TradingView
Altcoin swept overhead liquidity on February 14 and swept $ 2.50.
Grayscale’s XRP and Doge ETF are initial nodded.
According to the submission on February 13, the US Securities and Exchange Commission (SEC) recognized Grayscale’s Form 19B-4 application to list the XRP and Dogecoin ETFs.
The final decision on the approval of the two ETFs is expected to be made within 240 days, which is an obligation to accept or reject the ETF application in accordance with the Securities and Exchange Act 19 (B) (2).
As the SEC was currently rule under professional crypto management, the final approval was able to arrive early, and was observed with Terreium ETF in Dual Bitcoin-Bitwise last month. The asset management organization submitted a joint ETF application in November 2024 and received an initial approval of less than 90 days after submitted by January 30.
However, James Seyffart, Bloomberg ETF analyst, believed that XRP ETF would not be approved until the SEC lawsuit against Ripple Labs was completely resolved.
PolyMarket increases confidence in approval of XRP ETF in 2025.
After the positive news, the probability of betting for XRP ETF approval in 2025 increased to 81%in the poly market. The probability of approval over the past month was about 70%in January 2025.
The probability of approval of the XRP ETF of PolyMarket. Source: Poly Market
The poll was separated even when the approval time was limited to July 31, and 45%of the better people believed in the favorable results before the third quarter of 2025.
But Jeremy Hogan, a partner of Hogan and Hogan, believed that XRP ETF could take time before trading on the market.
HOGAN, who was vocal in X (previous twitter) in the SEC-RIPPLE LABS lawsuit, was a Pro-XRP commentator and advocate. But when the lawyer pressed the possible timeline for complete approval, the lawyer said.
“Yes, approval can occur quickly, but S-1 must be approved. So I think about 8-12 months.”
Western S-1 is a key element of non-traditional ETFs such as encryption-based ETFs, and these applications require clear disclosure in relation to the investment strategy, risk, commissions and operations of ETFs.
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This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.