The U.S. Securities and Exchange Commission (SEC) is exhibiting a strong likelihood of approving numerous pending crypto exchange-traded funds (ETFs). Bloomberg analysts James Seyffart and Eric Balchunas believe that several ETFs, including those for XRP, Solana, and Dogecoin, now hold a 90% or greater chance of receiving the green light.
In a post, Seyffart emphasized the positive signal from the SEC’s recent engagement, indicating an overall bullish sentiment regarding these crypto ETF filings. Analysts have keyed in on assets such as Litecoin, Cardano, and others, all currently projected to meet or exceed the 90% approval threshold.
The analysts’ optimism comes on the heels of acknowledgment from the SEC regarding several filings and S-1 amendment requests. This interaction is perceived as the SEC’s increasing willingness to collaborate with fund issuers.
However, a notable outlier is the SUI ETF, filed solely by Canary, which is assessed to have only a 60% chance of approval. This lower rating is attributed to ongoing regulatory uncertainties and a lack of regulated futures.
Market sentiment around these filings also appears positive among bettors on Polymarket, with expectations suggesting a staggering 98% chance for XRP ETF approval this year and 91% for Solana. Dogecoin’s ETF is not far behind with a 71% likelihood of approval.
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