Volatility Shares Files XRP ETF Application with US SEC... "77% Possibility of Approval Within This Year"
Summary
- Volatility Shares has filed an application for an XRP exchange-traded fund (ETF) with the US SEC.
- Expectations for XRP ETF approval have increased following the inauguration of Trump's second administration.
- According to Polymarket, the world's largest betting site, there is a 77% probability of XRP spot ETF approval within this year.
US asset management firm Volatility Shares has filed an application for an XRP exchange-traded fund (ETF) with regulators.
Coindesk reported on the 8th (local time) that "Volatility Shares has applied for three products including an XRP spot ETF and an XRP 2x leveraged ETF to the US Securities and Exchange Commission (SEC)." Coindesk added, "Volatility Shares has joined the ranks of asset management firms pursuing XRP ETF launches in the US, including Grayscale and WisdomTree."
Expectations for XRP ETF approval have significantly increased following the inauguration of Trump's second administration. Previously, the US SEC initiated the review process for Grayscale's XRP ETF application documents last month. Polymarket, the world's largest betting site, predicts a 77% probability that the SEC will approve the launch of an XRP spot ETF within this year.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
