In a recent update, Bloomberg's Senior Analyst Eric Balchunas has shared fresh updates on the instances of various cryptocurrency areas approved by the US Securities and Exchange Commission (SEC).
In an X post (formerly Twitter), Balchunas mentioned that he hoped to hear from the SEC directly, but so far, the opportunities for many Crypto ETFs that get the green light look strong.
The analyst has listed the odds of approved for popular cryptocurrencies such as Litecoin, Solana, XRP, and others. And guess what? Some of them have a 90% chance to approve in 2025.
Here's a quick, easy to view the latest numbers:
- Crypto Basket ETF (mixing different coins) – 90%
- Litecoin (LTC) – 90%
- Solana (Sol) – 90%
- XRP – 85% (Essential Update to come on April 21)
- Dogecoin (Doge) – 80%
- HBAR – 80%
- Cardano (ADA) – 75%
- Polkadot (DOT) – 75%
- AVALANCHE (AVAX) – 75%
Most of these crypto ownership are likely to be considered as SEC goods, making their approval opportunities brighter.
The report also points to the major dates and regulatory deadlines for each ETF. It is clear that the crypto market is moving closer to being a greater part of the traditional financial world. If these ETFs are approved, it can open the door for more investors to safely and easily invest in popular cryptocurrencies through regular stock market channels.
