The XRP neighborhood is buzzing after US President Donald Trump shared Ripple-related content material on the social media platform Reality Social.
This comes at a time when institutional curiosity in the digital asset is rising, particularly with the US Securities and Trade Fee (SEC) formally acknowledging extra purposes for a spot XRP exchange-traded fund (ETF).
Trump’s Ripple posts spark speculations
On Feb. 18, Trump shared two XRP-related articles on Reality Social, which praised the President and ignited discussions throughout the crypto house.
The articles highlighted feedback from Ripple CEO Brad Garlinghouse, who famous elevated hiring and enterprise alternatives within the US following Trump’s election victory in November.
On social media platform X, XRP neighborhood members shortly interpreted Trump’s posts as a bullish sign. Many speculated that the digital asset might play a key position in future US crypto insurance policies, with some even suggesting that the publish indicated that the asset’s authorized hassle is perhaps ending.
Since Trump’s electoral win, XRP has been among the many crypto market’s standout performers. Many merchants and analysts imagine his administration might convey much-needed regulatory readability, probably fostering better adoption and institutional funding within the house.
SEC acknowledges XRP ETF
Including to the joy, the SEC formally acknowledged two extra spot XRP ETF purposes from Cboe BZX Trade, which goals to checklist and commerce ETFs from 21Shares and Bitwise.
Bloomberg ETF analyst James Seyffart described the SEC’s acknowledgment as anticipated.
Nevertheless, he beforehand estimated a 65% probability of an XRP ETF approval this 12 months, noting that Ripple’s authorized battle with the SEC stays a major hurdle.
Whereas Ripple secured a partial victory relating to XRP’s classification, the continued attraction creates uncertainty. Nevertheless, latest developments counsel the regulator may transfer to pause its lawsuit prefer it did for its case towards Binance.
In the meantime, crypto bettors have rising confidence within the SEC’s approval of this monetary product. Knowledge from Polymarket signifies a 78% chance that an XRP ETF will likely be authorised by 2025, reflecting sturdy investor sentiment towards the asset’s future.
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