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Spot Crypto ETFs Gain Momentum as Approval Odds Jump to 90%

  • Bloomberg ETF Analysts now estimate the chances of approval for many spot crypto ETF filings at 90% or higher.
  • Previously, approval odds for XRP, Dogecoin, and Cardano ETFs were below 90%, but now confidence is high for these tokens as well as others like Litecoin, Solana, Polkadot, and Avalanche.
  • Increased engagement from the SEC is seen as a positive sign, contributing to the growing optimism.
  • The change in SEC leadership, with Paul Atkins as chairman since April, has led to a more favorable stance on digital assets, potentially paving the way for more crypto-related investment products.
  • Dozens of spot crypto ETF filings are awaiting regulatory approval, with analysts predicting a pivotal period ahead given rising institutional interest and improving regulatory sentiment.

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