Ah, the sweet scent of investor optimism wafts through the air, as the odds of a spot XRP ETF approval soar to a staggering 83%. This figure, however, is not without its shadows, as the US Securities and Exchange Commission (SEC) continues to play a game of bureaucratic limbo, pushing decisions back like a procrastinating student on a deadline. Some industry observers, with a twinkle of sarcasm in their eyes, suggest that the regulator is merely savoring its full review window, perhaps with a cup of tea in hand.
Analyst Predictions And Timeline
In the wise words of Bloomberg’s James Seyffart, the SEC often takes its sweet time—240 days, to be precise—to ponder over 19b-4 filings. He noted that the agency, in a fit of bureaucratic enthusiasm, requested an additional 45 days on May 20 to deliberate on Bitwise’s Ether staking change, thus moving the deadline to May 22. Because who doesn’t love a good delay?
According to his musings on X, nearly all spot ETF bids are now staring down the barrel of final due dates in October. Early summer approvals? Highly unlikely, my dear Watson.
Spot Versus Futures Products
On May 19, the Chicago Mercantile Exchange decided to join the XRP party by rolling out an XRP futures contract for the first time. Just a few days later, Volatility Shares listed the XRPI futures ETF on Nasdaq, and Tectrium, in a fit of enthusiasm, added a 2x Long Daily XRP ETF for those who enjoy living on the edge.
These products allow traders to wager on XRP’s future price in a regulated environment. While they are not the same as a spot ETF, they do indicate a growing interest among the big players. Who knew finance could be so thrilling?
Institutional Access Through ETFs
In a recent podcast, Ripple’s CEO, Brad Garlinghouse, waxed poetic about the importance of ETFs. He claimed they allow Wall Street to dip its toes into the crypto waters without the hassle of wrestling with exchanges or private wallets. A noble endeavor, indeed!
He proudly pointed out that the Bitcoin ETF reached $1 billion in assets faster than a cat can knock over a glass of water, and then hit $10 billion in record time. This impressive track record, he argued, paves the way for similar products tied to XRP. Because if one can do it, why not the other?
According to SEC filings and the ever-charming industry gossip, delays are as common as a rainy day in London. The commission has already postponed decisions on Grayscale’s XRP tracking fund and a Solana ETF. What a surprise!
Analysts, with a hint of foreboding, warn that the odds in prediction markets can shift faster than a politician’s promises. An 83% chance today could plummet if the SEC decides to raise new questions or requests yet another comment period. Investors, keep your calendars close as October approaches!
The buzz surrounding an XRP spot ETF is palpable, yet history teaches us that regulators move at a pace that would make a tortoise look like a sprinter. Futures ETFs like XRPI offer one route into XRP’s market, albeit with quirks like contango and premium swings. For now, both institutions and retail traders will watch the SEC’s deadlines with bated breath—and perhaps a touch of patience.
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2025-05-26 17:47