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Tomorrow could be a big day for Ripple (XRP)! Will the expected important and critical news come?
After Bitcoin and Ethereum, spot ETF applications are being made for many altcoins, including XRP, Litecoin (LTC), and Solana (SOL).
According to Bloomberg analysts, the chances of approval for the Litecoin ETF are higher compared to the SOL and XRP ETFs, while it was indicated that the SEC could announce the evaluation of Garyscale's spot XRP ETF application on February 13th.
Fox Business reporter Eleanor Terrett said in a post on X account, based on Bloomberg analysts' data, that the SEC could consider Grayscale's spot XRP ETF application as early as Thursday, February 13.
At this point, Terrett suggests that Grayscale's XRP ETF 19b-4 application could be accepted as early as February 13. NYSE Arca had applied for a 19b-4 to list Grayscale's XRP Trust shares on January 30.
Terrett noted that the SEC has 15 days to decide on such applications, and added that the decision to be made will also give an idea of how the current SEC administration views XRP.
If the SEC approves the Application, XRP could be a big step towards joining the ranks of Bitcoin and Ethereum, which already have spot ETFs.
In both cases, it will give us a good idea of how the current SEC management thinks about XRP.
What is the Possibility of XRP ETF Approval in 2025?
Bloomberg analysts James Seyffart and Eric Balchunas recently predicted in a post that the XRP ETF has only a 65% chance of approval this year. Compared to Litecoin )%90(, Dogecoin )%75(, and Solana )%70(, this is a significantly lower rate.
Seyffart added that if the SEC accepts Grayscale's application and resolves the ongoing Ripple case, the likelihood of ETF approval could significantly increase. Seyffart also mentioned that an XRP ETF approval is unlikely until the case is resolved.