Summary
- The U.S. SEC has announced the commencement of the official review of the XRP spot ETF.
- Polymarket reports that the probability of XRP spot ETF approval is 83%, with expectations rising by 21% over the past month.
- CoinDesk evaluates this review as a significant step towards the realization of the XRP spot ETF.
The U.S. Securities and Exchange Commission (SEC) has begun the official review of the XRP spot Exchange-Traded Fund (ETF), and expectations have risen on the decentralized prediction platform Polymarket.
According to Polymarket on the 28th (local time), the probability of the XRP spot ETF being approved within this year has reached 83%. This figure has risen by about 21% over the past month. This is interpreted as the industry's expectations have increased after the SEC announced the start of the official review of the WisdomTree XRP spot ETF application the previous day.
The cryptocurrency-focused media outlet CoinDesk evaluated, "The official review of the XRP spot ETF is the first case," and "The possibility of a spot ETF becoming a reality is increasing."
As of 10:04 PM, XRP is trading at $2.31, down 0.95% from 24 hours ago on the Binance USDT market.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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