Recent data from Bloomberg indicates a significant increase in the odds of XRP spot-based ETFs being approved to 95%. This statement aligns with the growing interest from the U.S. Securities and Exchange Commission (SEC).
Update on ETF Approval Odds
Bloomberg has raised the likelihood of approval for spot-based XRP ETFs to 95%, up from an earlier estimate of 85%. This increase coincides with the SEC's active stance, viewed as a positive signal for ETF issuers.
Other Crypto ETFs on the Horizon
The approval odds for proposed ETF products tracking Litecoin (LTC) and Solana (SOL) have also increased to 95%. Similarly, the odds for Dogecoin-based memecoin ETFs from firms like Graycale and Bitwise now stand at 90%. ETFs for altcoins such as Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX) also maintain high odds at 95%.
The Future of BlackRock ETFs
ETF analyst Nate Geraci emphasizes that the 'biggest question' is whether BlackRock will participate in launching XRP and Solana ETFs. Despite earlier comments from some BlackRock representatives, Geraci believes this will eventually happen.
With the increasing odds of ETF approvals for XRP and other cryptocurrencies, investor interest is intensifying. The future of these financial instruments, particularly from companies like BlackRock, remains uncertain.
