Altcoin ETF Approval Odds for XRP, DOGE, and ADA Hiked to 90% by Bloomberg
- 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.
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Altcoin ETF Approval Odds for XRP, DOGE, and ADA Hiked to 90% by Bloomberg
- 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.
The post Altcoin ETF Approval Odds for XRP, DOGE, and ADA Hiked to 90% by Bloomberg appeared first on Coin Edition.
Read More