The approval prospects for an XRP exchange-traded fund (ETF) have become increasingly optimistic, according to data from Polymarket, a decentralized prediction platform. The odds of XRP receiving approval in 2025 have surged to 70%, marking a substantial 20% increase over just the last 24 hours. This sudden uptick has generated fresh excitement within the cryptocurrency community, reflecting rising confidence that XRP could soon be available as an ETF.

The survey reveals a marked shift in sentiment as market participants grow more bullish on the potential for XRP ETF approval. An earlier poll conducted in December, which measured approval chances by July 31, 2025, showed odds of just 49%. The latest results, however, suggest a clear change in momentum as investors continue to place their bets on XRP’s future.

Growing Optimism for XRP ETFs in 2025

There is growing optimism that by the end of the first quarter of 2025, the likelihood of XRP ETF approval could rise even further, possibly reaching 100%. A key factor contributing to this sentiment is the changing landscape in U.S. crypto regulations. A more crypto-friendly U.S. government, coupled with the appointment of Paul Atkins as the SEC chairman, has fostered a sense of hope among crypto advocates that the new leadership will favorably review XRP ETFs.

The U.S. Securities and Exchange Commission (SEC) is currently reviewing applications for XRP ETFs from notable asset managers such as 21Shares, Bitwise, Canary Capital, and WisdomTree. Given the new SEC leadership under Chairman Atkins, many believe that the approval chances for XRP ETFs are much higher than under the previous regime led by Gary Gensler, which had been perceived as more cautious and hesitant regarding crypto products.

Other Altcoin ETFs Also Gaining Attention

XRP ETFs are not the only crypto investment products drawing attention. On Polymarket, other altcoins such as Solana, Dogecoin, and Litecoin are also seeing significant betting activity, with market participants weighing in on their potential to secure ETF approvals in 2025. Of particular note is Solana, which has seen its ETF approval odds soar to 82%, a 32% increase in just one day. This sharp rise reflects growing enthusiasm for Solana, with many investors expecting it to secure ETF approval this year.

However, other altcoins, like Dogecoin and Litecoin, appear to face more challenging odds. The betting odds for their ETF approval stand at 23% for Dogecoin and 42% for Litecoin, suggesting that the market sees these products as longshots for 2025. Despite the strong interest in Solana and XRP, Dogecoin and Litecoin ETFs still have a much lower likelihood of gaining approval, at least in the short term.

Insight from Bloomberg ETF Analyst

Bloomberg ETF analyst Eric Balchunas has expressed his surprise at the growing number of altcoin ETFs that crypto enthusiasts are now willing to bet on. Balchunas, while skeptical of these odds, acknowledged the changing dynamics within the SEC under new leadership. He also noted that although no active 19b-4 filings currently exist for these altcoin ETFs, they could be filed soon, and with the SEC’s new approach, the approval process might be expedited.

Balchunas further explained that ETF approval typically takes about 240 days from the filing date, meaning any decision may not occur until well after mid-2025. However, with a friendlier SEC stance under Atkins, some in the industry are hopeful that the timeline could be shortened, allowing XRP ETFs and others to reach the market faster than expected.

Looking Ahead

As the crypto market evolves, the potential approval of altcoin ETFs, especially XRP, is becoming a hot topic. With increasing optimism surrounding XRP and other altcoins, 2025 could be a defining year for the crypto ETF landscape. Investors and analysts will be closely monitoring the SEC’s next steps and the growing regulatory clarity that could determine the future of these products.