A recent prediction from cryptocurrency platform Polymarket indicates a high probability of an XRP spot exchange-traded fund (ETF) approval this year. With the SEC officially reviewing WisdomTree’s application for a spot XRP ETF, the chance has climbed to 83%. This marks a significant milestone as it represents the first official review of a spot XRP ETF in the U.S. If approved, this would be the first such product on American exchanges and could pave the way for other crypto asset ETFs in the future. The application follows the official submission from Cboe BZX Exchange, which seeks to track the market price of XRP using the CME CF Ripple-Dollar Reference Rate, offering investors a simpler route to access XRP through traditional brokerage accounts without complex procedures like private keys or self-custody. The SEC has 240 days to decide on the application, meaning we may see a breakthrough in this space soon.