Editor's PiCK
"Will Ripple Spot ETF Be Approved This Year? 82% Probability Predicted on Polymarket"
Minseung Kang
Summary
- Polymarket predicted an 82% chance of Ripple's spot ETF being listed within the year.
- The market indicated a high possibility that the SEC will choose Ripple as the next spot ETF after Bitcoin and Ethereum.
- Currently, the price of XRP is showing a downward trend, trading at $3.0802.
Amid growing anticipation for the launch of altcoin spot Exchange Traded Funds (ETFs), there is a prediction that Ripple's ETF could be listed with more than an 80% probability within the year.
On the 31st, traders on the cryptocurrency-based prediction market platform Polymarket are predicting an 82% chance of Ripple's spot ETF being launched this year. The market sees a high possibility that the U.S. Securities and Exchange Commission (SEC) will choose Ripple as the next spot ETF after Bitcoin and Ethereum within the year.
The price of XRP is trading at $3.0802, down 0.95% from the previous day, based on the Binance USDT market at 5 PM today.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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