sXRP ETF Hype Builds as 2025 Bets Surge on Polymarket

Investor excitement around a potential XRP exchange-traded fund is reaching fever pitch, with many now eyeing 2025 as the year the long-awaited approval finally lands.

The buzz has intensified following several developments that have positioned XRP as a front-runner for institutional adoption.

Data from prediction market Polymarket shows that expectations for a spot XRP ETF approval in 2025 have skyrocketed to 90%, up from 70% at the beginning of May. Traders are increasingly wagering that the U.S. Securities and Exchange Commission (SEC) will greenlight the product before year’s end.

While the SEC has yet to make a definitive move—most recently postponing its decision on CoinShares’ application—the market remains upbeat. Investors see the growing list of applicants, including Grayscale, Bitwise, 21Shares, Canary Capital, and Franklin Templeton, as a sign of serious institutional intent that regulators can’t ignore forever.

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Adding fuel to the optimism is the recent launch of CME Group’s XRP futures ETF, which began trading in May and reported strong initial volume. Its success is being interpreted as a step toward market maturity—one of the SEC’s key criteria for approving spot products.

Although regulatory delays persist, momentum is clearly building behind XRP as the next major asset to join the ETF race, riding a wave of legal clarity and rising institutional appetite.