XRP News Today: Bloomberg Analyst Maintains 95% XRP ETF Approval Confidence Despite 62% Odds Drop

Generated by AI AgentCoin World
Friday, Aug 8, 2025 4:51 pm ET1min read
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Aime RobotAime Summary

- Bloomberg analysts maintain 95% confidence in XRP ETF approval despite SEC Commissioner Crenshaw’s consistent opposition, citing institutional support and prior crypto ETF approvals.

- Prediction market odds dropped to 62% after Crenshaw’s anti-crypto stance was disclosed, but experts argue her dissenting votes lack influence over SEC’s broader regulatory trends.

- Global momentum grows with Japan’s SBI Holdings applying for a Bitcoin-XRP ETF, highlighting cross-border demand and potential regulatory alignment for crypto investment products.

- SEC’s recent approvals of in-kind redemption mechanisms for Bitcoin/ETH ETFs signal a favorable environment for XRP, despite ongoing debates over digital asset classification challenges.

Bloomberg analysts continue to express strong confidence in the eventual approval of an

XRP
exchange-traded fund (ETF), despite recent criticism from U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw. As of August 8, 2025, the odds of XRP ETF approval had fallen to 62% on prediction markets, a decline attributed to public disclosure of Crenshaw’s consistent opposition to crypto-related proposals. Nevertheless, Eric Balchunas, Bloomberg’s senior ETF analyst, maintains a 95% forecast for approval, emphasizing that Crenshaw’s lone dissenting vote is unlikely to alter the broader trajectory of regulatory decisions [1].

Crenshaw’s anti-crypto stance has been well-documented, with her voting against all 13 recent crypto ETF proposals. However, this pattern has not prevented the SEC from approving similar products, including those for

Bitcoin
and
Ethereum
, which have passed with a 3–1 majority. Analysts point to this trend as evidence that Crenshaw’s views, while vocal, do not represent the agency’s overall direction [2]. Balchunas further argues that the recent drop in XRP ETF odds was an overreaction, noting that her position is a predictable and isolated stance that does not reflect the SEC’s institutional consensus [3].

The volatility in market sentiment has been reflected in prediction market data, which saw XRP ETF odds decline sharply after Crenshaw’s voting record was revealed. While this has sparked concern among some investors, most experts remain undeterred. The fact that Crenshaw’s opposition has remained consistent across multiple crypto ETF applications suggests that the impact on actual regulatory outcomes is limited. The broader institutional support within the SEC appears to outweigh the influence of a single commissioner [4].

In parallel, global interest in XRP ETFs continues to grow. SBI Holdings, Ripple’s partner in Japan, has submitted an application for a Bitcoin-XRP ETF, signaling international momentum that could influence U.S. regulators. This development highlights the increasing institutional demand for crypto investment products and reinforces the potential for cross-border regulatory alignment [5].

Despite ongoing debates within the SEC, the market remains closely monitored. Crenshaw’s resistance introduces regulatory uncertainty, but it also reflects the broader challenges in classifying and regulating digital assets. Analysts observe that the SEC’s recent approvals of in-kind redemption mechanisms for Bitcoin and Ethereum ETFs indicate a more favorable environment for XRP ETFs than critics acknowledge. As long as institutional backing and regulatory trends remain aligned with the expansion of crypto investment vehicles, the prospects for XRP ETF approval remain strong [6].

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Sources:

[1] AInvest. XRP News Today: XRP ETF Approval Odds Fall to 62% as ... https://www.ainvest.com/news/xrp-news-today-xrp-etf-approval-odds-fall-62-sec-commissioner-opposes-2508/

[2] Coin. XRP ETF Approval Odds Drop to 62%, But Top Analyst Still at 95% https://coinedition.com/xrp-etf-approval-odds-bloomberg-analyst-confident-sec-stance/