Key Notes
- Regardless of the drop in XRP ETF approval odds, XRP worth stays secure round $3.05.
- Hypothesis continues round a possible BlackRock XRP ETF, and Ripple companion SBI Holdings has filed for a Bitcoin-XRP twin ETF in Japan.
- All 13 latest inside SEC votes on crypto ETPs handed with a 3-1 margin, with Crenshaw as the only real dissenting vote.
The chances of spot XRP ETF approval have tanked greater than 9% to 62% quickly after Caroline Crenshaw, the Commissioner of U.S. Securities and Trade Fee (SEC), stated that she stays against crypto ETFs.
Nevertheless, the XRP
XRP
$3.06
24h volatility:
3.4%
Market cap:
$181.42 B
Vol. 24h:
$4.57 B
worth is exhibiting energy, as bulls proceed to carry it at $3.05 ranges.
XRP ETF Approval Possibilities Drop to 62%
As per the Polymarket data, the chances of approval for XRP ETFs stood at 86% on August 5. Within the final two days, nonetheless, this quantity has tanked to 62% as of now.
XRP ETF approval Odds | Supply: Polymarket
Final week, Bloomberg ETF strategist Eric Balchunas stated that the chances of approval in September-October have gone up.
The optimism stems from XRP now assembly the SEC’s up to date itemizing standards, which require tokens to have had spinoff buying and selling exercise for no less than six months.
Hypothesis is constructing {that a} BlackRock XRP ETF may very well be in growth. Nate Geraci, President of the ETF Retailer, said that the world’s largest asset supervisor may quickly make a transfer on this path.
Within the newest growth, Ripple partner SBI Holdings filed for a twin ETF, involving Bitcoin and XRP, within the Japanese market.
This reveals that the demand for XRP ETFs is already rising within the abroad markets as nicely.
SEC Commissioner Votes In opposition to Crypto ETFs
On August 6, the U.S. Securities and Trade Fee (SEC) carried out 13 inside votes associated to varied crypto exchange-traded merchandise (ETPs), together with IBIT, BITB, GBTC, Bitwise’s Bitcoin and Ethereum funds, and in-kind redemption mechanisms.
All votes handed with a 3-1 margin, with Commissioner Caroline Crenshaw alone rising objecting to it.
Crenshaw, at present the one Democrat on the Fee, has constantly opposed the rising approval of crypto ETFs.
In line with journalist Eleanor Terrett, her repeated objections ship a powerful sign of her agency opposition to crypto ETPs, significantly any potential developments involving an XRP ETF.
Lone Democrat @SECGov commissioner Caroline Crenshaw is sending a transparent message: she stays firmly against crypto ETFs. https://t.co/NT4gCLH2k9
— Eleanor Terrett (@EleanorTerrett) August 7, 2025
The SEC not too long ago permitted in-kind creation and redemption processes for each Bitcoin and Ethereum ETFs.
Then again, Crenshaw’s objections additionally prolong to broader crypto coverage, together with latest SEC steerage on liquid staking.
She describes it as legally weak and disconnected from real-world purposes.
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Bhushan is a FinTech fanatic and holds a great aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in direction of the brand new rising Blockchain Know-how and Cryptocurrency markets. He’s repeatedly in a studying course of and retains himself motivated by sharing his acquired data. In free time he reads thriller fictions novels and generally discover his culinary expertise.
