XRP ETF Approval Odds Surge to 85% as New SEC Chair Takes the Helm

The chances of an approved U.S. spot XRP exchange-traded fund (ETF) have climbed significantly, reaching an impressive 85% according to Bloomberg analyst Eric Balchunas. This optimistic outlook comes on the heels of Paul Atkins assuming the chair position at the Securities and Exchange Commission (SEC). Many in the crypto industry view Atkins as a more supportive figure for digital assets than his predecessor, Gary Gensler. His appointment has ignited optimism that the SEC will soon begin processing spot ETF applications, particularly those targeting altcoins like XRP.