XRP news today: XRP ETF Approval Odds Surge 20% to 85% by 2025

The likelihood of a spot XRP ETF launching in 2025 has increased, according to the latest update from Bloomberg Intelligence. Analysts now estimate an 85% chance that a spot XRP product will gain approval from the SEC, up sharply from 65% in their February outlook.

This significant increase in the approval odds reflects a growing optimism among analysts regarding the regulatory environment for digital asset-backed funds. The analysts, Eric Balchunas and James Seyffart, have also increased approval odds for other digital asset-backed funds, with products tracking Litecoin and Solana leading the pack.

Spot ETFs for Litecoin and Solana are given a 90% likelihood of approval. Litecoin has especially benefited from the CFTC’s classification of LTC as a commodity. This classification has provided a clearer regulatory framework, making it easier for ETFs to gain approval.

Solana’s approval probability has jumped from 70% to 90%, with the asset attracting multiple ETF filings and institutional interest driven by its DeFi and NFT ecosystems. The growing interest in Solana’s technology and its applications in decentralized finance and non-fungible tokens has contributed to this increased likelihood of approval.

Other assets are also gaining momentum. Dogecoin and Hedera ETFs are assigned an 80% likelihood of approval. The Cardano ETF, filed only by Grayscale so far, carries an estimated 75% chance of approval. These increased probabilities indicate a broader trend of regulatory acceptance for digital asset-backed ETFs, driven by the growing interest and investment in the digital asset space.

This analysis suggests that the regulatory landscape for digital asset-backed ETFs is becoming more favorable, with a higher likelihood of approval for a variety of digital assets. The increased approval odds for XRP, Litecoin, Solana, Dogecoin, Hedera, and Cardano ETFs reflect a growing acceptance of digital assets as legitimate investment vehicles, supported by a clearer regulatory framework and increasing institutional interest.