XRP ETF Mania Hits 87% Confidence: Polymarket Traders Bet Big on 2025 Approval

In January 2024, the U.S. Securities and Exchange Commission (SEC) cleared the way for multiple spot bitcoin ( BTC) exchange-traded funds (ETFs), followed by ethereum ( ETH) ETFs in July.

A new Polymarket wager is tracking a potential Stellar (XLM) exchange-traded fund (ETF) approval in 2025.

The cryptocurrency-focused prediction platform has a few different markets open on the topic of new crypto ETFs being approved by the U.S. Securities and Exchange Commission (SEC) in 2025. One such market is focused on a Stellar ETF, and as of March 23, the wager had amassed $54,666 in trading volume and placed an 87% probability on the occurrence.

This optimism follows a recent decision by the SEC to dismiss its lawsuit against Ripple Labs (XRP). The news sharply increased market expectations for a broader cryptocurrency market and had the potential to influence the SEC’s actions regarding other crypto firms.

Another Polymarket bet tracking a potential Cardano (ADA) ETF approval in 2025 shows a 61% likelihood as of March 23. Grayscale submitted an application with the SEC for a spot ADA ETF earlier this year.

Litecoin (LTC) is also covered by the platform, with a $33,577-traded bet reflecting a 68% probability of an LTC ETF approval as of March 23. Firms like Coinshares, Canary Capital, and Grayscale are applying for regulatory clearance for an LTC product.

Moreover, a Solana (SOL) ETF proposal, backed by a $104,793-volume Polymarket wager, holds an 87% approval probability according to bettors. A roster of financial firms, including Vaneck, Grayscale, 21shares, Bitwise, Franklin Templeton, and Canary, are seeking to debut a SOL ETF.

Notably, the prediction marketplace does not have any active bets for DOT, HBAR, MOVE, APT, or SUI ETFs. The growing interest in crypto ETFs highlights a pivotal shift toward mainstream adoption, driven by regulatory clarity and institutional backing.