Bloomberg Analyst Maintains 95% XRP ETF Approval Confidence Despite 62% Odds Drop

– Bloomberg analysts maintain 95% confidence in XRP ETF approval despite SEC Commissioner Crenshaw’s consistent opposition, citing institutional support and prior crypto ETF approvals.

– Prediction market odds dropped to 62% after Crenshaw’s anti-crypto stance was disclosed, but experts argue her dissenting votes lack influence over SEC’s broader regulatory trends.

– Global momentum grows with Japan’s SBI Holdings applying for a Bitcoin-XRP ETF, highlighting cross-border demand and potential regulatory alignment for crypto investment products.

– SEC’s recent approvals of in-kind redemption mechanisms for Bitcoin/ETH ETFs signal a favorable environment for XRP, despite ongoing debates over digital asset classification challenges.