XRP Spot ETF Approval Odds Are Climbing as SEC Reviews WisdomTree Filing
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Investor confidence is rising around the potential approval of a spot XRP exchange-traded fund (ETF), with prediction markets now placing the likelihood at 83%, according to data from Polymarket.
The spike in optimism follows the U.S. Securities and Exchange Commission’s decision to officially begin evaluating a proposal for the WisdomTree XRP Trust, submitted by Cboe BZX Exchange.
This marks the first time a spot XRP ETF has entered formal review in the U.S., potentially opening the door for wider adoption of XRP via traditional financial platforms.
If approved, the ETF would offer exposure to the real-time price of XRP through the CME CF Ripple-Dollar Reference Rate, enabling investors to gain access without the need for crypto wallets or direct token management.
The SEC launched the review process under Notice No. 34-103124, giving the agency up to 240 days to reach a decision. A green light from regulators would not only be a milestone for Ripple but could also encourage similar filings for other altcoins.
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