According to reports from Wu, Bloomberg analysts Eric Balchunas and James Seyffart have raised the probability of most spot cryptocurrency ETFs being approved to 90% or higher. The two noted that the positive interactions from the U.S. SEC are an important signal.
However, the specific approval or launch time remains uncertain, potentially within the next month or two, or it may be delayed until after October. They stressed that this is a question of 'when it will happen,' not 'whether it will happen.'