Confirmation: No XRP ETF has been approved on 7/5.

The Cryptocurrency Market is Flourishing

Currently, the cryptocurrency market is experiencing strong growth, with XRP rising to $2.21, an increase of 2.8% in the past 24 hours. Ripple is attracting attention with its intention to acquire Circle, along with discussions about ETFs taking center stage.

Expectations About XRP ETF

Analysts have raised the probability of approval for the spot ETF for XRP in 2025 to 85%. There have been rumors about the launch of Tuttle Capital’s 2x LONG XRP ETF on May 7, but cryptocurrency influencer John Squire quickly dismissed this. He shared a copy of the SEC filing, showing that the expected effective date is May 21, 2025. Therefore, any information claiming that the security has been approved today is inaccurate.

Tuttle Capital and Interest in Cryptocurrency

Tuttle Capital has submitted to the SEC to launch 10 leveraged cryptocurrency ETFs, including Chainlink and Polkadot. This event indicates a growing interest from institutions in cryptocurrencies beyond Bitcoin and Ethereum. Bloomberg’s ETF analyst, James Seyffart, believes this is “an experiment on the limits that the SEC will allow.”

The Role of the SEC Crypto Task Force

Seyffart emphasizes the role of the SEC Crypto Task Force in deciding which products can be approved. Meanwhile, the Polymarket trading platform currently shows a 77% chance of approval for a spot ETF for XRP this year.

Rumors About BlackRock

There are discussions about BlackRock’s increasing interest in XRP, accompanied by rumors of “big news” coming soon. Will this drive further development of XRP and the cryptocurrency market in the near future? Investors are waiting for the next moves.

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