Polymarket users, a decentralized cryptocurrency betting platform, have shown optimistic bias regarding the approval of XRP’s Bolsalist Funds (ETFs) in the US.
in fact, Polymate’s XRPETF bet, 81% of the metropolitan area Based on Ripple Labs’ cryptocurrency before 2025 ended.
The remaining 19% (worth roughly $28,500) are working on approval of the XRP-based ETF and will not arrive in 2025.
It should be noted that Polymekit stands out because of its relevance, as it accurately reflects the collective sense of participants in financial and political issues, including the US presidential election. This platform is a more reliable indicator than traditional research, as it is real money.
For the Grayscale Research team, a cryptocurrency ETF emitter company, “Polymet could be a ‘source of truth’ by leveraging the transparency and movement history of cryptocurrency networks, market incentives, and collective intelligence of users.”
Now, in addition to the optimism of the trainers, Google’s search interest for “XRP ETF” reached its historic maximum from August 10th to 16thas reported by Cryptonoticia. The world’s most used Google search engine serves as a metric to measure the popularity of a currency. In this case, it is a ripple asset.
It is also a sample of interest or enthusiasm for launching these financial products.
But beyond growing enthusiasm and interest, the key questions are: Is there a possibility that the XRP ETF will be approved this year?
Bloomberg Intelligence analysts Eric Bulknath and James Seifert argue One of the next coins where ETF is XRP. In this regard, Balchunas states: “The official probability of approval of the Altcoins ETF has not been discussed. Litecoin derives a 90% chance, followed by Dogecoin (Doge), followed by Solana (Sun) and XRP.”
Managers who submitted their respective requests are Grayscale, Bitwise, Canary Capital Group, 21Share, and WisdomTree. It is important to note that the SEC has a period until October 17th when applications are approved or rejected. This has led to high expectations, especially for XRP investors.
The approval of these financial products could be a catalyst for the currently negotiated XRP price. $2.95, 18.7% below the historic maximum (ATH) of $3.65.
Launching these regulated products will open up access to institutional capital to XRP, increase visibility among more traditional investors, and increase liquidity into the Ripple Labs ecosystem. Additionally, ETFs promote the participation of businesses and businesses. Because its management is very similar to traditional action purchases.
Although attention is focused on what happens in the US, It should be remembered that Brazil was the first country to launch a background (in cash) with the XRP spot. Cryptonotics reported that a financial product issued by HashDex and managed by a great survey made its debut in the market on April 26th. Named the Hashdex Nasdaq XRP Index Fund (XRPH11), the fund is available in Brazilian Bags (B3) and recreates the performance of the NASDAQ XRP (NQXRP) index.
The XRP ETF has also been released in Canada. Controlled by purpose investment, the product has been approved by the Ontario Securities Commission and has begun citing on the Toronto Stock Exchange. The fund offers displays directly at XRP cash prices through regulated products.
