Bloomberg analysts have increased the approval odds for spot crypto ETFs to 90%, emphasizing the constructive approach of the SEC and growing institutional interest.
Bloomberg Analysts Estimate 90% Approval
Bloomberg analysts James Seyffart and Eric Balchunas have assessed a **90% approval odds** for spot crypto ETFs. This includes offerings from major asset managers. The SEC's constructive approach has been a catalyst for this rise.
Anticipated $8 Billion Inflows for XRP ETFs
Institutional investors are anticipating significant **market inflows** upon ETF approvals. Sal Gilbertie of Teucrium forecasts **$8 billion** for XRP. This signals potential market shifts. Previous Bitcoin ETF launches have already set a promising precedent for anticipated performance.
Spot XRP ETFs in Canada Set U.S. Precedent
Past approvals of Bitcoin ETFs in the U.S. have marked unprecedented success, echoing current expectations for XRP and Solana, especially as Canadian policies have already allowed **spot XRP ETFs**, thus presaging U.S. actions.
Given the SEC's positive engagement and prior successful ETF launches, experts reaffirm the likelihood of increased capital inflows and volatility within the cryptocurrency market.
