Analysts say the SEC may soon approve several crypto ETFs, including XRP and Solana.
- Analysts raise ETF approval odds for XRP, Solana, and others to 90%+
- SEC engagement seen as a strong positive sign
- Betting markets show high confidence in approvals
SEC Getting Closer to Approving Crypto ETFs
Experts at Bloomberg believe that the U.S. Securities and Exchange Commission (SEC) may approve most new spot crypto ETFs very soon. These include ETFs for digital assets like XRP, Solana, Litecoin, Dogecoin, and Cardano.
Bloomberg analysts James Seyffart and Eric Balchunas now give these ETFs a 90% or higher chance of approval. They say the SEC is showing more interest and working more closely with issuers, which is a strong sign.
Why Analysts Are Confident
The SEC has recently acknowledged more filings under form 19b-4 and requested changes to S-1 documents. These steps usually happen before final approval. Analysts say this back-and-forth shows the SEC is finally open to the idea of approving more crypto-based ETFs.
One analyst wrote on X (formerly Twitter) that engagement from the SEC is “a very positive sign.” The analysts are also noticing a shift in the SEC’s actions towards crypto regulation.
SUI Is Falling Behind
While most popular coins are getting closer to approval, SUI is not moving as fast. Only one firm, Canary, has filed for a SUI ETF. Bloomberg gives it just a 60% chance of approval. The main reason is the lack of regulated futures and continued questions around how SUI is treated legally.
Betting Markets Also Show Optimism
Users on Polymarket, a crypto prediction platform, seem to agree with analysts. They believe there is a 98% chance for XRP ETF approval and a 91% chance for Solana. Even Dogecoin carries a high 71% chance among bettors.
This growing optimism could lead to new opportunities for investors if these ETFs are approved later this year.
Source: coindesk.com