WiseCryptoNews Portal Launches While Polymarket Puts XRP ETF Approval Odds at 79%
Dubai, UAE, May 05, 2025 (GLOBE NEWSWIRE) — WiseCryptoNews has unveiled its platform built to track the most important developments across digital assets, offering readers a clearer view of shifting sentiment in real time. With the The XRP ETF approval debate heating up, the need for sharper insight into how crypto markets, narratives, and regulation cannot be over emphasized.
Case in point: decentralized prediction platform Polymarket now puts the odds of a spot XRP ETF gaining SEC approval by the end of 2025 at 79%, up from 65% just a few weeks ago. The jump reflects growing optimism in the asset's regulatory outlook and renewed momentum across the broader altcoin ETF conversation.
XRP ETF Approval Odds Jump to 79% as Market Confidence Grows
Polymarket's data shows this confidence hasn't wavered much recently. Over the last 24 hours, the forecast has stayed in a tight range between 77% and 79%, suggesting that market participants see a real possibility of the XRP ETF becoming a reality before the year is out. This optimism is part of a broader trend in 2025, where interest in altcoin ETFs is climbing alongside improvements in regulatory clarity
XRP ETF approval odds. Source: Polymarket
One major factor fueling this momentum is the developing relationship between Ripple Labs and the US Securities and Exchange Commission (SEC). In March 2025, the SEC officially dropped its longstanding lawsuit against Ripple, removing a major legal overhang that had clouded XRP's future for years. With that out of the way, attention has shifted to the potential launch of a regulated XRP ETF — a move that would allow both institutional and retail investors to gain exposure to XRP through traditional financial markets.
While a spot XRP ETF hasn't been approved yet, there has been significant movement on the futures side. The SEC recently signed off on three XRP futures-based ETFs from ProShares: the Ultra XRP ETF (2x leverage), Short XRP ETF (-1x leverage), and Ultra Short XRP ETF (-2x leverage). However, despite initial reports of an April 30 launch, ProShares clarified there was no ETF rollout on that date. The firm has since filed an update proposing May 14, as the new target — though this remains tentative and dependent on final SEC approval.
It's important to note that futures-based ETFs don't offer direct exposure to XRP itself. Instead, they track price movements through contracts, which can be useful for short-term speculation but lack the direct market linkage that spot ETFs provide. A spot XRP ETF would hold the underlying asset, offering a clearer and potentially less volatile route for long-term investors.
Several major asset managers, including Franklin Templeton, Grayscale, 21Shares, Bitwise, and WisdomTree, have pending applications for spot XRP ETFs. The SEC recently delayed its decision on Franklin Templeton's application to June 17, a procedural move that analysts say is common and not necessarily a sign of rejection.
As interest builds, analysts are weighing in on what an XRP ETF could mean for the market. Standard Chartered has projected that a US-based XRP ETF could attract as much as $8.3 billion in inflows, potentially driving XRP's price to $8 by 2026.
'Of the US spot ETFs approved so far, NAV as a percentage of market cap is 3% for Ethereum and just under 6% for Bitcoin. At current XRP market cap, that would imply a range of $4.4 billion to $8.3 billion as a future total NAV measure for an XRP ETF, which seems like a reasonable target range for inflows in the first 12 months,' Standard Chartered's head of digital assets research Geoff Kendrick said.
On the other hand, analysts at Bitfinex are more cautious, suggesting that while an XRP ETF would be a major step, inflows might not match those seen with Bitcoin ETFs due to broader investor preferences.
At the time of writing, XRP is trading around $2.20, with a 24-hour trading volume of $2.14 billion. Though the token's price has dipped slightly in the last day, the market remains focused on regulatory cues. The SEC's next closed meeting is set for May 8, and speculation is mounting that further updates on Ripple or the XRP ETF applications could emerge from it.
All signs point to a shifting landscape for crypto ETFs in the US. While the final word on a spot XRP ETF is still pending, the odds — both in the market and among analysts — continue to move in its favor.
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Asia Morning Briefing: BTC Reclaims 100K as Markets Shrug off Iran Strike
Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. As Asia begins the trading week, BTC is trading above $100,500 as the initial volatility from news over the weekend that the U.S. struck some of Iran's nuclear facilities begins to subside. While prices briefly dipped below six figures on Sunday in a risk-off reaction, markets have since stabilized. Equity futures are flat, and gold is up only marginally, suggesting that traders are not yet pricing in a broader escalation. The lack of follow-through in traditional markets may reflect expectations that Iran's response will be contained or delayed, rather than immediate and destabilizing. Crude oil is holding its gains near $76 per barrel after spiking nearly 4% Sunday evening on fears that Iran could block the Strait of Hormuz, a key chokepoint for global oil shipments. Still, commentary from U.S. officials and muted early-week trading suggest that investors remain in a wait-and-see mode. In crypto markets, altcoins that had mirrored BTC's weekend drop, like ETH, XRP, and SOL, are also clawing back losses. For now, the market appears to be treating the U.S.-Iran clash as a geopolitical flashpoint, not a structural break. Crypto exchange OKX is considering a public listing in the U.S., according to a report from The Information. Earlier this year, the exchange announced a U.S. expansion after settling with the Department of Justice over accusations that it operated in the country without a money transmitter license. Among other crypto-linked companies, Bullish, a competitor to OKX and the parent company of CoinDesk, is also said to be considering an IPO given investors' appetite for companies with exposure to digital assets. OKX told CoinDesk it had no comment on the matter. Polymarket bettors are cooling to the idea that the U.S will hit Iran a second time before the end of the month. The 'yes' side of a contract asking if the U.S. will conduct another military action on Iran by June 30 is now trading at 54%, from 74% in the hours after the initial strike on Iranian nuclear sites. There appears to be a growing market belief that deconfliction – on both sides – is on the agenda, as evidenced by another contract asking bettors about the likelihood of Iran closing the Strait of Hormuz, which is currently trading at 49% down from 52%. BTC: Bitcoin rebounded to $101,419 after a volatile 4.5% intraday swing, finding strong support at $99,000 amid geopolitical tensions and surging institutional buying interest, according to CoinDesk Research's technical analysis data. ETH: Ethereum fell 2.3% to $2,237 amid U.S.-Iran tensions, breaking a six-week consolidation pattern despite over $500 million in institutional accumulation. Gold: Bank of America analysts predict gold could hit $4,000 an ounce within a year, an 18% jump, driven less by geopolitical tensions and more by mounting U.S. fiscal debt and a global shift by central banks away from the dollar toward gold. Nikkei 225: Asia-Pacific markets fell Monday as the U.S. strikes on Iranian nuclear sites fueled oil price spikes and fears of broader Middle East escalation, with Japan's Nikkei 225 down 0.56%. Texas Governor Greg Abbott signs strategic Bitcoin reserve bill into law (The Block) Which Crypto IPOs Could Be Next Following Circle? (Decrypt) What Are Savvy Bitcoin and Ether Traders Preparing For as Summer Approaches? (CoinDesk)
Yahoo
an hour ago
- Yahoo
Morning Bid: Now the ball is in Iran's court
A look at the day ahead in European and global markets from Wayne Cole As if there wasn't enough uncertainty in the world already, President Trump has to get the United States embroiled in another Middle East conflict. It's not often a president announces an attack on another country via social media, or that the word "bombs" is used in all caps. The U.S. administration says it's not at war and it will not escalate if Iran makes peace. Then again, it also said it was not aiming at regime change in Iran, until Trump posted on social media about that very prospect. For now the ball is in Tehran's court and it has not yet struck at any U.S. site, although its parliament was reported to have approved an attempt to close the Strait of Hormuz. Iranian media said such a move would need approval by the Supreme National Security Council. Polymarket even makes a book on the chance of Iran managing to close the Strait, and that's currently at 47%. So, suddenly every market commentator is an expert on how to close shipping lanes, the efficacy of bunker busting bombs and the intricacies of enriching uranium. The market position is to hope this U.S. intervention will not escalate, and perhaps might even make the region safer should Iran's nuclear ambitions really be set back by years. Oil is up almost 2%, but well off early five-month peaks as analysts note OPEC has plenty of extra supply to add if they want. Wall St share futures are down 0.3%, having started with losses of 1%, while European futures are off 0.4% or so. The dollar is marginally firmer on the euro and yen, reflecting the reliance of the EU and Japan on imported oil and LNG, and the U.S. status as a net exporter. Treasury yields are up slightly, so not many safe-haven bids there, while Fed fund futures are down a tick, likely on the risk a sustained rise in energy costs could add to inflationary pressure just as tariffs are being felt in prices. Fed Chair Jerome Powell is set for a grilling on all this when he faces Congress on Tuesday and Wednesday, along with queries on Trump's threats to fire him. It will also be interesting to see how Powell responds to Fed Governor Waller's sudden embrace of a July rate cut, when it seemed the FOMC choir had all been singing from the same cautious hymn sheet. Markets imply still only a 16% chance of a July easing, preferring a 70% wager on a September move. Key developments that could influence markets on Monday: - EU and UK PMIs for June - Introductory remarks by ECB President Christine Lagarde - Appearances by Fed members Waller, Bowman, Goolsbee and Kugler (By Wayne Cole; Editing by Edmund Klamann) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
8 hours ago
- CNBC
Bitcoin sinks below $99,000 as U.S. strikes on Iran trigger crypto market sell-off
Bitcoin fell to its lowest level since May over the weekend, as rising tensions in the Middle East and renewed inflation fears triggered a sharp selloff across digital assets. Bitcoin dropped below the $99,000 mark on Sunday — its lowest point in more than a month — as the crypto market became the first to react to escalating geopolitical risk. Bitcoin is trading around $99,380, down more than 2% over the past 24 hours, while ether has dropped 5% to below $2,200. Solana, XRP, and dogecoin also posted sharp losses, dragging the entire crypto complex deep into the red. The selloff appears to be a combination of geopolitical shock and macroeconomic concern. Iran has reportedly threatened to block the Strait of Hormuz — a vital shipping lane that handles about 20% of global oil supply. JPMorgan warns that a full closure could drive oil prices as high as $130 per barrel. One prominent macro research firm notes that such a spike could send U.S. inflation back toward 5% — a level not seen since March 2023, when the Fed was still actively raising rates. That outlook has traders reassessing the path of interest rates — and rotating out of speculative assets like crypto. While bitcoin is often pitched as an inflation hedge, it's currently behaving more like a high-beta tech stock. According to crypto data provider Kaiko, bitcoin's correlation with the tech-heavy Nasdaq has climbed sharply in recent weeks, after hitting a multi-month low earlier this year — a period that coincided with surging inflows into spot bitcoin ETFs. Institutional positioning also appears to have shifted. More than $1.04 billion flowed into spot bitcoin ETFs from Monday through Wednesday last week, according to data from CoinGlass. But those inflows collapsed heading into the weekend, with zero net movement Thursday and just $6.4 million on Friday — coinciding with President Donald Trump's early G7 departure and the announcement of a two-week review of U.S. options on Iran. The technical breakdown added fuel to the selloff. CoinGlass research shows bitcoin's drop below $99,000 triggered forced selling across offshore derivatives platforms like Binance and Bybit. At its peak on Sunday, more than $1 billion in crypto positions were liquidated during a 24-hour span — with over 95% coming from long bets, underscoring just how overexposed the market was heading into the weekend.
