Bloomberg Analysts Increase Odds of XRP and Cardano ETF Approval to 90%
Bloomberg analysts Eric Balchunas and James Seyffart have increased the probability of SEC approval for spot ETFs of XRP, Dogecoin, and Cardano to 90%. Seyffart noted positive engagement with the SEC as a key factor.
Crypto ETF Approval Outlook
- SEC decision pending on multiple crypto ETF applications including XRP, DOGE, SOL, ADA, DOT, LTC, and NEAR.
- These ETFs allow investors to bet on specific cryptocurrencies without holding digital assets.
- Approval chances for XRP ETFs are projected at 93% by December 31, 2025.
- Analysts previously estimated less than 90% approval likelihood; recent updates suggest improved confidence.
- Final decisions from SEC expected by early Q4, with October 18 marked as significant.
VanEck's SOL ETF Developments
- VanEck listed its Solana ETF (VSOL) on DTCC's clearing platform on June 18.
- This listing is a preparatory step but does not indicate regulatory clearance.
- SOL price has declined by 4% in under 24 hours, currently at $142.26.