Excitement around a prospective XRP Exchange Traded Fund (ETF) swells with the support of pro-crypto policy and as positive market projections emerge. Limited by the Trump administration’s stance on digital assets, optimism is somewhat stifled. Now people are predicting a spike in trading activity as soon as we get that approval.
Earlier in June, Bloomberg Intelligence ETF analyst Eric Balchunas sparked excitement with a tweet about a possible "Altcoin ETF Summer," suggesting Solana could lead the way.
"Get ready for a potential ‘Altcoin ETF Summer’ with Solana likely leading the way" - Eric Balchunas
This favorable outlook on the approval of at least one XRP ETF has been turbocharged by the pro-crypto attitude of the Trump administration. Since being elected, Donald Trump has defended a loosening of crypto regulations. He’s done this by installing his allies within the industry into key government posts. Trump has started a crusade to exorcise the ghost of former chair Gary Gensler, who spearheaded the agency’s crypto crackdown during the Biden years.
Market analysts are bullish on the influence of an XRP ETF. Both JPMorgan and Standard Chartered estimate that XRP ETFs could trigger an XRP trading bonanza. They even predict this new surge to possibly exceed $8 billion within the first year of on exchange trading.
At the moment, an unprecedented number of XRP ETF applications are pending, fueling the excitement. Polymarket, a prediction market platform, indicates that there is a 98% chance an XRP ETF gets approved. Currently, punters can lay their money down with 88% odds of promulgation passing. Approval before August seems unlikely at this point, with Polymarket putting the odds at 16%.
The bullish momentum around XRP ETFs has not been matched by the broader cryptocurrency market, which has been slightly bearish. Bitcoin Price Today Bitcoin is down 0.9% past the day and is currently trading at $106,635. At the same time, Ethereum is down 2.4% the last 24 hours, today trading at $2,574.
With XRP ETFs likely to be approved any day, it stands to receive some massive investments. We’re talking about possible new inflows of $8 billion in only the first year of trading!
