Bloomberg analysts James Seyffart and Eric Balchunas have raised the odds of approval for most crypto ETF applications to 90%. This marks a significant shift from lower estimates just two weeks prior.
New Analyst Predictions
Bloomberg analysts, particularly James Seyffart and Eric Balchunas, reported that the probability of crypto ETF approval has now risen to 90% or higher. Previously, their forecasts for ETFs linked to XRP, Dogecoin, and Cardano were below this threshold.
Impact of SEC Changes
The increasing confidence among analysts is attributed to heightened engagement from the SEC. Seyffart noted, 'Engagement from the SEC is a very positive sign in our opinion,' pointing to leadership changes at the SEC following Paul Atkins’ appointment as chairman in April.
Outlook for Future ETFs
Currently, dozens of crypto ETF applications are awaiting regulatory approval. As institutional interest rises and regulatory sentiment improves, analysts suggest that the coming months could be pivotal for the future of altcoin-focused ETFs.
The overall situation regarding crypto ETFs indicates potential positive changes in the cryptocurrency market, which could open new opportunities for investors.
