Bloomberg Analysts Raise Altcoin ETF Approval Odds to 90%
The post Bloomberg Analysts Raise Altcoin ETF Approval Odds to 90% appeared on BitcoinEthereumNews.com. Bloomberg ETF analysts have raised their approval odds for multiple spot altcoin ETFs to 90%. The updated forecast includes funds for XRP, Dogecoin (DOGE), Cardano (ADA), and Solana (SOL). The change is driven by increased positive engagement between issuers and the SEC. Bloomberg ETF analysts James Seyffart and Eric Balchunas have dramatically raised the odds for the approval of multiple spot crypto ETFs–including those tied to XRP, Dogecoin (DOGE), and Cardano (ADA)–to an overwhelming 90% or higher. The analysts’ increased optimism is based on mounting signals of constructive engagement from the U.S. Securities and Exchange Commission (SEC), suggesting a potential regulatory thaw is underway. Analysts Cite Positive SEC Engagement The primary driver for the revised forecast is an increase in back-and-forth communications between ETF issuers and SEC staff. “Engagement from the SEC is a very positive sign in our opinion,” Seyffart wrote on X. He cited a surge in technical filings, such as 19b-4 acknowledgements and S-1 amendment requests. These exchanges are viewed by market watchers as critical steps that typically precede a final approval from the regulator. The new projections from Bloomberg also include a 90% or higher likelihood for Litecoin (LTC) and Solana (SOL) ETFs. Related: XRP ETF Approval Odds Hit 90% as Teucrium XRP Futures ETF (XXRP) Hits $122M in AUM Prediction Markets Show Bullish Odds The new projections from Bloomberg place not only XRP, DOGE, and ADA above the 90% likelihood mark, but also include Litecoin (LTC) and Solana (SOL). The only notable laggard is SUI, with analysts assigning it just a 60% chance of ETF approval due to regulatory uncertainty and lack of regulated futures markets. Related: Ripple-Backed XRP ETF Now Trading on Toronto Stock Exchange With Zero Fees Market sentiment among bettors is even more bullish. On prediction platform Polymarket, XRP’s chances of securing…
The post Bloomberg Analysts Raise Altcoin ETF Approval Odds to 90% appeared on BitcoinEthereumNews.com.
Bloomberg ETF analysts have raised their approval odds for multiple spot altcoin ETFs to 90%. The updated forecast includes funds for XRP, Dogecoin (DOGE), Cardano (ADA), and Solana (SOL). The change is driven by increased positive engagement between issuers and the SEC. Bloomberg ETF analysts James Seyffart and Eric Balchunas have dramatically raised the odds for the approval of multiple spot crypto ETFs–including those tied to XRP, Dogecoin (DOGE), and Cardano (ADA)–to an overwhelming 90% or higher. The analysts’ increased optimism is based on mounting signals of constructive engagement from the U.S. Securities and Exchange Commission (SEC), suggesting a potential regulatory thaw is underway. Analysts Cite Positive SEC Engagement The primary driver for the revised forecast is an increase in back-and-forth communications between ETF issuers and SEC staff. “Engagement from the SEC is a very positive sign in our opinion,” Seyffart wrote on X. He cited a surge in technical filings, such as 19b-4 acknowledgements and S-1 amendment requests. These exchanges are viewed by market watchers as critical steps that typically precede a final approval from the regulator. The new projections from Bloomberg also include a 90% or higher likelihood for Litecoin (LTC) and Solana (SOL) ETFs. Related: XRP ETF Approval Odds Hit 90% as Teucrium XRP Futures ETF (XXRP) Hits $122M in AUM Prediction Markets Show Bullish Odds The new projections from Bloomberg place not only XRP, DOGE, and ADA above the 90% likelihood mark, but also include Litecoin (LTC) and Solana (SOL). The only notable laggard is SUI, with analysts assigning it just a 60% chance of ETF approval due to regulatory uncertainty and lack of regulated futures markets. Related: Ripple-Backed XRP ETF Now Trading on Toronto Stock Exchange With Zero Fees Market sentiment among bettors is even more bullish. On prediction platform Polymarket, XRP’s chances of securing…
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