Encryption community members are more optimistic about the approval of XRP Exchange-Traded (ETF) after many years of legal battles have been resolved between Ripple and the US Securities and Exchange Commission (SEC).
On March 19, Ripple CEO Brad Garlinghouse announced that the incident was concluded. Ripple Executive said in the X post that the SEC will withdraw the appeal against Ripple and end the $ 1.3 billion unregistered securities lawsuit that began in December 2020.
After development, NATE GERACI at the advisory company ETF store told X that the approval of the XRP (XRP) ETF in X is next. Geraci said that it is “obvious” that it is only “time problem” before the SEC approves the XRP ETF.
The management predicted that asset managers such as Blackrock and Fidelity would be involved in assets.
PolyMarket Punters gives 86% chance of approval of XRP ETF in 2025.
In addition to Geraci, users of Crypto Betting Platform Polymarket are looking forward to approval of XRP ETF in 2025. March 26 PolyMarket is likely to approve XRP -based ETF products this year.
BET will be solved if the XRP ETF is approved by the SEC by December 31st. At the time of writing, the betting market was $ 55,000.
PolyMarket is likely to approve Ripple ETF in 2025. Source: Polymarket
However, users are only 42% of the possibility that XRP ETF will be approved before July 31st.
Despite being a gambling site, the polyMarket user’s predictions have been very accurate historically. According to the Dune Analytics dashboard, which studies the accuracy of Polymarket Bets, the platform is more than 90% accurate a month before the betting market is resolved.
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At the end of the SEC battle, the XRP price surged only 5%.
Despite being a huge milestone, the end of the legal battles between Ripple and SEC has not been able to move much. According to Coingecko, on March 19, XRP was traded at $ 2.32. At the time of writing, assets increase by 5% to about $ 2.44.
On March 21, analysts said the new development was already priced. Nansen’s research analyst, Nicolai SONDERGAARD, said that this resolution was previously expected.
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