The U.S. Securities and Exchange Commission (SEC) intends to approve several ETFs focused on cryptocurrencies. Experts suggest a high probability of approval, which could positively impact the market.
Probability of Approval for Altcoin ETFs
According to Bloomberg Intelligence, over 90% of cryptocurrency ETF applications are likely to be approved by the SEC. There is a positive sentiment among both experts and market participants.
Changes in SEC's Approaches
The SEC has started to engage more actively with applicants, which is viewed as a move towards a softer stance. This increases the likelihood of approvals for ETF applications.
Outlook for SUI
Only the application for a SUI ETF faces limited chances of approval at 60%. Expectations for other cryptocurrencies like XRP and Solana remain high, while Dogecoin’s approval probability stands at 71%.
It is expected that changes in the SEC's approaches will lead to significant progress in the crypto ETF sector. Increased cooperation and transparency could reduce uncertainty and improve the overall landscape of the industry.
