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.