Bloomberg Analysts James Seyffart and Eric Balchunas predict that the U.S. Securities and Exchange Commission will approve a majority of the pending crypto exchange-traded funds, including several XRP ETFs, by their respective deadlines.
“We are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher,” Bloomberg Intelligence’s James Seyffart commented on X. “Engagement from the SEC is a very positive sign in our opinion.”
According to the analysts, ETFs for assets such as Litecoin, Solana, XRP, Dogecoin, and Cardano are all now rated at or above 90% likelihood of approval.
These estimates indicate a growing optimism among ETF specialists, following numerous 19b-4 acknowledgements and S-1 amendment requests from the SEC.
Analysts interpret this back-and-forth as an indication that the SEC is more open to collaborating with issuers.
The only asset lagging is SUI, which was filed solely by Canary. Bloomberg assigns it a 60% chance of approval due to a lack of regulated futures and regulatory uncertainty.
Bettors on various platforms also express optimism.
They assign a 98% likelihood to the approval of an XRP ETF this year, a 91% likelihood for a SOL ETF, and a 71% chance for a DOGE ETF.
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