Spot XRP ETF approval odds plummet from 86% to 62%

Over the past two days, traders in the forecast market polymarket reduced their chances of approval XRP-ETF from 86% to 62%.

The sudden drop in confidence was prompted by news that SEC Commissioner Caroline Crenshaw planned to vote against approval.

However, Bloomberg’s leading stock analyst Eric Balchunas is not worried about this and remains confident that approval will be received with a 95% probability.

Perhaps his calm can be explained by the fact that Crenshaw’s displeasure hardly came as a surprise to those who follow the market closely. She has regularly voted against crypto-related proposals, including recent votes on various exchange-traded products (ETPs).

On July 29, the SEC approved 13 votes related to cryptocurrency products, including Bitwise funds. Bitcoin и Ethereum, with a 3-1 advantage.

While Crenshaw’s objections are obvious, they are unlikely to prevent broader adoption of cryptocurrencies. ETFHer views reflect a cautious approach, especially in relation to XRP, and emphasize the need for a full vote on such important issues, rather than delegating powers.

As the debate continues in the US, interest in XRP-ETF is clearly growing worldwide. In Japan, the partner Ripple SBI Holdings has already filed an application to create ETF, which will include both BitcoinAnd XRP.

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