As the crypto market experiences broad gains, XRP has risen to $2.21, marking a 2.8% increase over the past 24 hours. Amidst Ripple’s headlines—including its bid to acquire Circle—ETF discussions have surged, with analysts now estimating an 85% chance of a spot XRP ETF approval by 2025.
Ripple’s Bid to Acquire Circle Ignites Market Reactions
Speculations emerged about Tuttle Capital’s 2x LONG XRP ETF launching on May 7. However, crypto influencer John Squire clarified that the SEC filing indicates a proposed effective date of May 21, 2025.
🚫 The XRP ETF is NOT approved today.
The official SEC filing states the proposed effective date is May 21, 2025.
Any claims of approval today are false or premature.
Always verify sources. #XRP #CryptoETF
XRP ETF Approval Odds Rise Amid Institutional Interest
Tuttle Capital’s SEC filing included 10 leveraged crypto ETFs, covering assets like Chainlink, Polkadot, and XRP—signaling expanding institutional demand beyond Bitcoin and Ethereum.
👉 Why leveraged crypto ETFs could reshape trading
Bloomberg analyst James Seyffart noted these filings test the SEC’s boundaries, with the newly formed SEC Crypto Task Force likely to decide which products advance.
Market Sentiment and BlackRock Rumors
- Polymarket odds show a 77% chance of a 2025 XRP ETF approval.
- Rumors swirl about BlackRock’s potential XRP investments, fueling speculation of imminent "big news."
FAQs
Is BlackRock exploring XRP?
Yes, rumors suggest BlackRock is evaluating XRP, with possible major announcements soon.
How does the SEC Crypto Task Force impact ETFs?
The Task Force reviews filings to determine regulatory viability, especially for leveraged products.
Is Ripple acquiring Circle?
Ripple has placed a bid for Circle, stirring discussions about stablecoin market consolidation.
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