XRP ETF ‘obvious’ as Polymarket bettors up approval odds to 85%
Polymarket users are increasingly optimistic about the approval of an XRP exchange-traded fund (ETF) following the end of a legal dispute between Ripple and the U.S. SEC. On March 19, Ripple's CEO announced the conclusion of the case, which resolved a substantial unregistered securities suit. In light of this development, ETF Store president Nate Geraci expressed confidence that XRP ETF approval is imminent, predicting involvement from major asset managers like BlackRock and Fidelity. As of March 26, Polymarket users are giving an 86% probability to XRP ETF approval in 2025, with unresolved betting conditions until December 31. Notably, historical data indicate that Polymarket's predictions have been highly accurate, achieving over 90% accuracy in previous instances. Despite the significance of this legal resolution, the XRP market saw only a modest surge, moving from $2.32 to approximately $2.44, marking a 5% increase. Analysts previously indicated that market reactions to this resolution were largely anticipated.
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