Update on Cryptocurrency ETFs
Eric Balchunas, Senior ETF Analyst at Bloomberg, has provided the latest updates on the potential approval of cryptocurrency ETFs in spot form by the U.S. Securities and Exchange Commission (SEC). He mentioned that he is still waiting for direct feedback from the SEC, but currently, the chance for some cryptocurrency ETFs to be approved is very high.
Probability of ETF Approval
Balchunas has listed the approval opportunities for popular cryptocurrencies such as Litecoin, Solana, and XRP. By 2025, some of these have up to a 90% chance of being approved: Cryptocurrency ETFs (multi-type) – 90%, Litecoin (LTC) – 90%, Solana (SOL) – 90%, XRP – 85% with an important update on April 21, Dogecoin (DOGE) – 80%, HBAR – 80%, Cardano (ADA) – 75%, Polkadot (DOT) – 75%, Avalanche (AVAX) – 75%.
Classification of Financial Assets
The majority of these cryptocurrency assets are likely to be considered commodities by the SEC, further increasing their approval chances. The report also outlines important dates and legal deadlines for each ETF.
Integration into the Traditional Financial World
Clearly, the cryptocurrency market is gradually moving closer to becoming part of the traditional financial world. If these ETFs are approved, it will open the door for many investors to participate in cryptocurrency investment safely and easily through conventional stock market channels.
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Source: https://tintucbitcoin.com/litecoin-solana-xrp-etf-tien-dien-tu-noi-bat-2025/
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