The active rollout of cryptocurrency ETFs in the U.S. market is seen as another step toward broader adoption of digital assets by the financial system. By the end of 2025, the SEC may approve ETFs based on several cryptocurrencies.

The market will resolve to YES if, by 11:59 PM ET on December 31, 2025, any spot ETF whose underlying asset is Ripple (XRP) receives SEC approval, either through an official order approving an exchange rule change under Rule 19b-4 or through a notice of effectiveness for a Form S-1 registration statement. Either approval alone is sufficient to resolve to YES, even if the other has not occurred.

Data source: Official SEC publications (sec.gov) - orders on Rule 19b-4 filings and EDGAR notices of effectiveness for Form S-1 registrations; official information from applicants and exchanges; or consistent reports by reputable news agencies such as Reuters, AP, Bloomberg, etc.