According to Bloomberg analysts James Seyfert and Eric Balknath, their respective deadlines add up the possibility that the Securities and Exchange Commission has approved most of the funds traded on filed crypto exchanges, including various XRP ETFs.
“We’ve raised the majority of the majority of SPOT Crypto ETF filings to over 90%,” said James Sefert of Bloomberg Intelligence in a post in X.
According to analysts, ETFs for assets such as Litecoin, Solana, XRP, Dogecoin and Cardano all sit above the 90% mark.
These estimates reflect an increasing optimism from ETF experts following the 19B-4 acknowledgements and a wave of S-1 amendment requests from the Securities and Exchange Commission.
Analysts view this before and after process as a signal that the SEC is willing to work with the issuer now.
The only assets behind are SUIs submitted by Canary only. Bloomberg has assigned a 60% chance of approval, citing regulated futures and lack of regulatory uncertainty.
Polymarket bettors are also optimistic.
They give the XRP ETF a 98% chance that it will be approved this year, giving the Sol ETF a 91% chance to win green light. It is also possible that Doge ETF has got Go-Amead and bettors are giving a 71% chance.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
