The cryptocurrency market is abuzz as anticipation builds around the potential approval of an XRP ETF in 2025. The US Securities and Exchange Commission (SEC) appeals deadline on January 15 will test XRP’s regulatory status. Investors and industry watchers are optimistic about a new administration taking a pro-crypto stance.
SEC Appeal Deadline Sparks XRP ETF Hopes
The SEC’s deadline to appeal a key XRP ruling has focused on the regulator’s new leadership direction. With a pro-crypto Donald Trump administration and a new SEC chair, Paul Atkins, on the job, things could look very different at the agency. There’s also speculation that the appeal could be dismissed, resolving the question of whether XRP is a security or not.
Former SEC lawyer Marc Fagel said dismissing the ongoing appeal would be unusual but possible under the new regime. A dismissal could offer regulatory clarity for XRP and ensure a route to ETF approval. These developments have large implications, and market participants are closely watching them.
The appeal will continue for now, and that process takes about a year. But there is the possibility that a new administration decides to move to dismiss the appeal. That's not something I recall happening before, but it's possible and maybe likely.
— Marc Fagel (@Marc_Fagel) December 22, 2024
Dismissed Appeal Could Open Door for ETFs
The SEC has approved Bitcoin and Ethereum ETFs because of their non-security status, and XRP’s potential for one has gained momentum. Bitwise, Canary Capital, Wisdom Tree, and 21 Shares appear to have submitted filings for XRP spot ETFs. Should the SEC appeal be dismissed, analysts believe this will pave the way for the approval of altcoin ETFs.
Polymarket prices a 75% chance of XRP ETF approval in 2025, as investor sentiment remains high. According to historical trends, although the market is increasing, XRP holders hold on strong. Sell pressure has been reduced on Korea’s Upbit, for example.
Investors Hold XRP for Long-Term Gains
The XRP holders seem optimistic about the SEC approving ETFs for significant market growth. Should the XRP ETF get approval, experts believe XRP may skyrocket to over $5. With the next alt season expected in 2025, investors hold XRP as a long-term play.
Market positioning is consistent with the potential for positive news, unlike prior selling off during major price rallies. The trend suggests strategic decisions in investors waiting for clarification of regulatory policies. A strong bullish trend could occur for XRP and other related storage items if the decision favours it.
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Conclusion
With the new administration in play and the SEC’s appeal decision, there is heightened interest in XRP’s regulatory future. If approval becomes clear, it could give the XRP ETF a new path to redefine its market value and open up massive growth opportunities. Investors, issuers, and analysts will hear about crypto market developments throughout 2025.
FAQs
What is the significance of the SEC’s appeal deadline for XRP?
The SEC’s appeal deadline could determine XRP’s regulatory status and impact its chances for ETF approval.
Why are investors optimistic about XRP ETF approval?
Investors are hopeful due to the new administration’s pro-crypto stance and the potential dismissal of the SEC appeal.
What could happen if the SEC dismisses the XRP appeal?
A dismissal could provide regulatory clarity for XRP and pave the way for ETF approvals.
Which companies have submitted filings for XRP spot ETFs?
Companies like Bitwise, Canary Capital, Wisdom Tree, and 21 Shares have submitted XRP spot ETF filings.
How has investor behaviour around XRP changed recently?
XRP holders are reducing sell pressure and holding their tokens long-term in anticipation of ETF approval.
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