According to Polymarket data, the probability of XRP Exchange-Traded Funds (ETFs) has once again skyrocketed above the 90% level.
Press Time now has a nearly 94% chance of this product being approved this year.
As reported by U.Today, Bloomberg analysts have recently reiterated that the XRP ETF approval is almost certain.
How much demand do they attract?
At this point, the approval of the Spot ETF looks like a completed transaction, but the real question is whether it can actually attract sufficient demand.
There are some complicated views on this issue. ETF analyst Nate Geraci hopes these ETFs will exceed market expectations (like Bitcoin and Ethereum ETFs), but there are deniers who are convinced that such products will actually reveal a lack of institutional interest in XRP tokens and ultimately cause their deaths.
The fact that giants like BlackRock and Fidelity have not been involved in the much talked about XRP ETF races may be a bad for future demand. It is worth noting that Fidelity submitted the file to a Solana-based ETF, ignoring XRP.
XRP prices remain in range
According to data provided by Coingecko, XRP is currently trading at $2.84.
Tokens have seen relatively little volatility after losing their psychologically significant $3 level.
Tokens are down about 22% from the record high of $22.4 achieved in July.
