Coinbase Derivatives and Institutional Surge Propel XRP ETF Approval Odds to 93%

The probability of a spot XRP ETF securing approval from the US SEC has surged to an impressive 93%, as reported by Polymarket data. This represents a significant 20% increase since early May, driven by applications from heavyweight asset managers such as Bitwise, Grayscale, and Franklin Templeton. The growing institutional interest has undeniably intensified pressure on regulators. Notably, CME Group and Coinbase Derivatives have already taken proactive steps by launching XRP futures ETFs, further cementing the cryptocurrency's legitimacy in the financial markets. As of June 2025, the momentum behind XRP continues to build, with experts anticipating a transformative impact on the digital asset landscape should the ETF gain approval.

XRP ETF Approval Odds Surge Past 92% as Institutional Interest Grows

The likelihood of a spot XRP ETF gaining approval from the US SEC has skyrocketed to 93%, according to Polymarket data. This marks a 20% increase since early May, fueled by applications from major asset managers like Bitwise, Grayscale, and Franklin Templeton. The pressure on regulators is mounting as institutional demand becomes undeniable.

CME Group and Coinbase Derivatives have already launched XRP futures ETFs, which saw robust trading volume upon their mid-May debut. Analysts view this as a clear signal that markets are prepared for more regulated XRP investment products. Meanwhile, Ripple's ongoing settlement talks with the SEC are reducing regulatory uncertainty, though a final resolution remains pending.

Coinbase Slashes Account Freezing by 82%, But User Trust Remains Fragile

Coinbase CEO Brian Armstrong has announced an 82% reduction in account freezes, marking a significant step toward resolving one of the platform's most persistent issues. The improvement follows the appointment of Dor Levi, tasked with overhauling the restrictions system. Despite this progress, user frustration lingers, with complaints about opaque verification processes and repeated KYC requests.

Account freezes have long plagued Coinbase, with users reporting weeks-long lockouts and financial disruptions. Armstrong acknowledged the problem's severity but emphasized the company's commitment to fixing it. The exchange's reputation hinges on balancing compliance with user experience—a challenge that remains unresolved for many.