Is XRP ETF Approval Near? Stock Analysts Appreciate XRP Investors, Reveal Their Expectations!

Grayscale Investments, one of the largest companies, has filed an application to convert its XRP Trust into a spot XRP ETF.

As expectations for the XRP ETF increase, US exchange Kraken appreciated XRP investors and announced its expectations for the XRP ETF.

Kraken, which believes its XRP ETF will be approved and acknowledges that its launch is imminent, commended the determination and patience of XRP investors.

Kraken’s post resonated with the XRP community, with XRP advocate and attorney John Deaton stating that long-term holders who have been waiting for seven to eight years now deserve an XRP ETF.

People have held for 7-8 years. They deserve some sunshine. https://t.co/E8hu24XyFh

— John E Deaton (@JohnEDeaton1) January 30, 2025

Polymarket Investors Are Optimistic!

As expectations for the approval of the XRP ETF grow, Polymarket traders estimate that the chances of a spot XRP ETF approval in 2025 are 82%.

The 82 percent rate means an 18 percent increase compared to last week.

Optimism for XRP has been growing since Q4 2024, as Bitwise filed for the first spot XRP ETF in October 2024.

The momentum surrounding the XRP ETF launched by Bitwise has spurred other companies into action, and other ETF applications have been filed.

*This is not investment advice.