Odds have been stacked that the US Securities and Exchange Commission approves most of the filed exchange-traded funds, including the various XRP ETFs, of their respective deadlines, according to Bloomberg analysts James Seyffart and Eric Balchunas.
“We raise our odds for the vast majority of Spot Crypto ETF archives to 90% or higher,” said Bloomberg Intelligence’s James Seyffart in a post about X. “Engagement from SEC is a very positive sign in our opinion.”
According to the analysts, ETFs sit for assets such as Litecoin, Solana, XRP, Dogecoin and Cardano all now on or over the 90% mark.
These estimates reflect growing optimism from ETF specialists following a wave of 19B-4-recognitions and S-1 change requests from Securities and Exchange Commission.
Analysts consider this back and forth process as a signal that SEC is now more willing to work with issuers.
The only asset that hangs back is Sui, which is solely filed by Canary. Bloomberg assigns a 60% chance of approval and refers to a lack of regulated futures and regulatory uncertainty.
Bettors on the polymemarket also feel optimistic.
They give a 98% chance that an XRP ETF will be approved this year and a 91% chance of a sun ETF getting the green light. It is also likely that a DOGE ETF will get a go-front, with bettors, giving it a 71% chance of happening.
