CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

ZyCrypto 2025-06-20 21:45:59

XRP, Cardano, Dogecoin ETF Approval Chances Jump Amid Positive SEC Engagement

Bloomberg analysts Eric Balchunas and James Seyffart now say they’re over 90% sure that the U.S. Securities and Exchange Commission (SEC) will approve applications for spot XRP, Dogecoin, and Cardano exchange-traded funds (ETFs) this year. They have pinned their optimistic outlooks on recent positive engagement with the SEC, which is considered an encouraging sign for ETF issuers. “Eric Balchunas and I are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher,” Bloomberg ETF Analyst James Seyffart wrote in a post on X. “Engagement from the SEC is a very positive sign in our opinion.” Approximately two weeks ago, Balchunas and Seyffart pegged the odds of XRP, Dogecoin, and ADA funds securing the green light by the end of 2025 below 90%. The latest update shows that the analysts’ estimated odds of the SEC approving XRP ETF products now stand at 95% amid regulatory wins . Dogecoin and Cardano ETF proposals have a 90% chance of obtaining the regulatory go-ahead. The analysts also raised estimated approval odds for other altcoin ETFs, including Polkadot (DOT) and Avalanche (AVAX), to 95%. They also ascribed a 95% likelihood of approval to funds holding Litecoin (LTC). SEC Signals Pro-Crypto Shift The SEC earlier this month requested that spot Solana ETF issuers amend their S-1 registration statements, signaling that approvals could be imminent, as ZyCrypto reported . So far, the SEC has only approved spot crypto ETFs for the top two largest cryptocurrencies, Bitcoin (BTC) and Ether (ETH). A handful of major asset managers are awaiting clearance from the Commission to list different spot crypto ETF filings. The deluge of applications reflects US President Donald Trump’s efforts to soften the SEC’s regulatory stance toward digital assets since returning to the White House in January. Moreover, Paul Atkins, who officially took over as SEC chair in April, has promised a more lenient approach to digital assets. Approval of these pending filings could unlock institutional capital for the respective altcoins, amplying their demand and potentially pushing prices higher. While approval timelines remain unclear, they would mark a step toward mainstream adoption for these alternative cryptocurrencies.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.