The approval rate for the XRP ETF has fallen by 10% ahead of the SEC's important deadline next week.

The deadline for submitting applications for the XRP spot ETF from major asset management firms, including Grayscale, Franklin Templeton, and Bitwise, is approaching, raising speculation about the possibility of SEC approval, especially considering the legal agreement proposed by Ripple with the regulatory agency, which is still awaiting final court approval.

On the Polymarket prediction platform, the approval rate for 2025 surged to 98% at the beginning of June, although in the past week, this rate has dropped to 88%.

This prospect still faces legal barriers, but the proposed solution for the SEC lawsuit against Ripple has removed one of the largest legal hurdles, pending court approval.