Bloomberg Analysts Raise Approval Odds for Spot Crypto ETFs to 90%
Bloomberg Analysts James Seyffart and Eric Balchunas suggest high likelihood of approval for crypto exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Key points include:
- Probability of approval for most spot crypto ETF filings is now estimated at 90% or higher.
- ETFs for assets like XRP, Litecoin, Solana, Dogecoin, and Cardano are at or above this mark.
- Increased engagement from SEC viewed as a positive sign.
- The only asset with lower approval odds is SUI, assigned a 60% chance due to regulatory uncertainty.
- Bettors on Polymarket estimate a 98% chance for an XRP ETF and a 91% chance for a SOL ETF approval.
- A DOGE ETF has a 71% chance of being approved.
