Eric Balchunas, a senior ETF analyst at Bloomberg, has provided the latest updates on the possibility of the approval of spot cryptocurrency ETFs by the U.S. Securities and Exchange Commission (SEC). He stated that he is still waiting for direct feedback from the SEC, but currently, the chances of some cryptocurrency ETFs being approved are very high.
ETF Approval Probability
Balchunas has listed approval opportunities for popular cryptocurrencies such as Litecoin, Solana, and XRP. It is expected that by 2025, some of them have up to a 90% chance of approval: Crypto ETFs (phối multiple loại) – 90%, Litecoin (LTC) – 90%, Solana (SOL) – 90%, XRP – 85% with an important update on April 21, Dogecoin (DOGE) – 80%, HBAR – 80%, Cardano (ADA) – 75%, Polkadot (DOT) – 75%, Avalanche (AVAX) – 75%.
Classification of Financial Assets
Most of these cryptocurrencies are likely to be considered commodities by the SEC, increasing their chances of approval. The report also outlines important dates and legal deadlines for each ETF.
Integrating into the Traditional Financial World
Clearly, the cryptocurrency market is gradually moving closer to becoming a part of the traditional financial world. If these ETFs are approved, the door will be opened for more investors to safely and easily participate in cryptocurrency investment through conventional stock market channels.
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Litecoin, Solana, XRP: Prominent Cryptocurrency ETF 2025
Update Cryptocurrency ETF
Eric Balchunas, a senior ETF analyst at Bloomberg, has provided the latest updates on the possibility of the approval of spot cryptocurrency ETFs by the U.S. Securities and Exchange Commission (SEC). He stated that he is still waiting for direct feedback from the SEC, but currently, the chances of some cryptocurrency ETFs being approved are very high.
ETF Approval Probability
Balchunas has listed approval opportunities for popular cryptocurrencies such as Litecoin, Solana, and XRP. It is expected that by 2025, some of them have up to a 90% chance of approval: Crypto ETFs (phối multiple loại) – 90%, Litecoin (LTC) – 90%, Solana (SOL) – 90%, XRP – 85% with an important update on April 21, Dogecoin (DOGE) – 80%, HBAR – 80%, Cardano (ADA) – 75%, Polkadot (DOT) – 75%, Avalanche (AVAX) – 75%.
Classification of Financial Assets
Most of these cryptocurrencies are likely to be considered commodities by the SEC, increasing their chances of approval. The report also outlines important dates and legal deadlines for each ETF.
Integrating into the Traditional Financial World
Clearly, the cryptocurrency market is gradually moving closer to becoming a part of the traditional financial world. If these ETFs are approved, the door will be opened for more investors to safely and easily participate in cryptocurrency investment through conventional stock market channels.
Please share this information with your network!
Thank you for reading this article!
Please Like, Comment and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!