Spot Crypto ETF Filings for XRP, SOL, DOGE Among Those With Overwhelming SEC Approval Odds: Bloomberg

Odds are stacked that the U.S. Securities and Exchange Commission approves most of the filed crypto exchange-traded funds, including the various XRP ETFs , by their respective deadlines, according to Bloomberg Analysts James Seyffart and Eric Balchunas. “We are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher,” Bloomberg Intelligence’s James Seyffart said in a post on X . “Engagement from the SEC is a very positive sign in our opinion.” According to the analysts, ETFs for assets like Litecoin, Solana, XRP, Dogecoin, and Cardano all now sit at or above the 90% mark. These estimates reflect growing optimism from ETF specialists following a wave of 19b-4 acknowledgements and S-1 amendment requests from the Securities and Exchange Commission. Analysts view this back-and-forth process as a signal that the SEC is now more willing to work with issuers. The only asset lagging behind is SUI , filed solely by Canary. Bloomberg assigns it a 60% chance of approval, citing a lack of regulated futures and regulatory uncertainty. Bettors on Polymarket are also feeling optimistic. They are giving a 98% chance that an XRP ETF gets approved this year, and a 91% chance a SOL ETF gets the green light. It’s also likely that a DOGE ETF gets a go-ahead, with bettors giving that a 71% chance of happening.

Source: CoinDesk