As the possibility of approving an XRP spot ETF in the United States grows, significant changes are expected in the cryptocurrency market. According to Polymarket, one of the world's largest prediction markets, the probability of XRP ETF approval by 2025 has soared to 90%. This is a 19 percentage point increase from the previous month, indicating a surge in expectations from investors and institutions.
The trading volume for this product on Polymarket exceeds approximately $95,000 (about 132 million won), which reflects the real-time market sentiment before any official announcement. Particularly as the institutionalization of the cryptocurrency industry accelerates, ETF approval will serve as a gateway for traditional financial capital inflow.
If the XRP ETF is approved, token holders can invest in XRP in the traditional securities market without a cryptocurrency wallet. This provides retail investors with expanded access and offers institutional investors two attractive features: regulatory clarity and liquidity. Some experts analyze that "the ETF-ization of XRP is the first step towards the market credibility status currently occupied by Bitcoin (BTC) and Ethereum (ETH)".
However, the U.S. Securities and Exchange Commission (SEC) has delayed the approval decision by 35 days to gather opinions. This delay applies to Franklin Templeton's spot ETF applications for both XRP and Solana (SOL). While it may take more time for the SEC to reach a final conclusion, investor expectations are actually rising.
Meanwhile, in Canada, an XRP ETF managed by 3iQ has already been listed and started trading on the Toronto Stock Exchange. By introducing a 'zero fee' strategy, it is strengthening its competitiveness, which is becoming the background for growing expectations about XRP ETFs in the entire North American region.
Experts say that if the XRP ETF is approved, it could signal the potential for altcoins to enter the institutional market, beyond simply Ripple's performance. This trend could ultimately be a turning point in elevating cryptocurrencies to an important asset class in traditional financial markets. Investors should start preparing strategies for this development.
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