Insights on Crypto ETF Filings and Approval Odds

Recent analysis from Bloomberg suggests a promising outlook for various crypto ETF approvals by the U.S. Securities and Exchange Commission (SEC). Notably, the likelihood of approval for most crypto ETFs, including those for XRP, is posited to be above 90%.

Key Points:

• Bloomberg analysts predict favorable outcomes for pending ETFs.
• Analysts have observed positive engagement from the SEC as a promising indicator.
• The lone exception, the SUI ETF, filed by Canary, is estimated to have only a 60% chance of approval due to ongoing regulatory concerns.

According to the analysts, strong support for several assets such as Litecoin, Solana, XRP, Dogecoin, and Cardano indicates they all sit at an approval rate of 90% or higher.

“We are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher,” commented James Seyffart from Bloomberg Intelligence.

In addition, bettors on platforms like Polymarket exhibit high confidence in these predictions, with a 98% likelihood assigned for XRP’s approval this year, alongside substantial chances for SOL and DOGE ETFs as well.

Stay tuned for further updates as this situation evolves.