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Bloomberg ETF analysts predict a 95% likelihood of SEC approval for an XRP spot ETF, signaling a potential breakthrough for Ripple. Major asset managers like Franklin Templeton and Bitwise have already filed applications, reflecting growing institutional interest. The regulatory climate appears favorable, though legal hurdles remain.
- Bloomberg analysts estimate a 95% chance of SEC approval for an XRP spot ETF, with multiple asset managers already filing applications.
- Ripple and the SEC recently failed to overturn a ruling on XRP’s securities classification, but a closed-door meeting on July 3 may resolve the case.
- Institutional interest in XRP is rising, with Grayscale’s ETF inclusion and over $1 billion in corporate treasury allocations signaling long-term bullish potential.
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