Bloomberg Expert Predicts Crypto ETF Approval at 90% Chance Reveals Altcoin ETF Approval Possibility
Bloomberg analysts James Seyffart and Eric Balchunas predict a high probability of approval of cryptocurrency-based ETFs, especially XRP, Dogecoin, and Cardano, at up to 90% after a recent meeting with the US Securities and Exchange Commission (SEC). This positivity reflects the market trend and the widespread acceptance of crypto-related financial products by regulators. This move opens up a great opportunity for Blockchain investors to access the traditional market more conveniently.
Crypto Spot ETF Approval: A Major Milestone
The approval of a Bitcoin spot ETF in 2024 has paved the way for the expansion of crypto portfolios through other types of ETFs. Traditional investors can now own BTC directly through financial products, minimizing the risk of being directly linked to digital wallets. This trend predicts a significant increase in capital inflows into the post-blockchain market, putting altcoins like XRP, Cardano in the spotlight.
ETF Market and Pending Projects
Coin-based ETF projects such as Cardano (ADA), Polkadot (DOT), HBAR, Avalanche, and SUI are now awaiting approval from the SEC under the new leadership of Chairman Paul Atkins, who has pledged more friendly policies towards digital assets. These filings have been acknowledged by the SEC via Form 19b-4, demonstrating the legal acceptance of altcoin-based futures contracts as commodities. CFTC-regulated derivatives markets have provided a pathway for regulated ETFs in this space.
Polymarket's Accurate Forecasting Trends
On the prediction platform Polymarket, bettors are now 90% positive that an XRP ETF will be approved by the end of the year, a move that reflects growing investor confidence in XRP becoming a legal ETF by 2025. While Bitcoin and Ethereum-based ETFs dominate the market, the possibility of XRP becoming a serious competitor is inevitable, opening up opportunities for more strategic investors.
Predicting XRP ETF Approval 2025: Source – Polymarket
Benefits of XRP ETF if Approved
In the event that the XRP ETF is approved, the token will be traded on traditional stock exchanges, just like other securities. Investors will not need to directly handle their cryptocurrency wallets, which reduces technical risks and brings convenience. This not only opens the door to retail investors but also attracts capital from large financial institutions, contributing to the development of the blockchain-based cryptocurrency market.
Expected Timing and Impact of ETF Approval
Typically, ETF filings have an expected SEC final decision date in October to November. However, the SEC recently requested an additional 35 days to review Franklin Templeton’s XRP filing, while also expanding discussions to the Solana ETF and other projects. Meanwhile, the Toronto-based XRP ETF has officially launched, with a 0% management fee for the first 6 months, attracting strong interest from the institutional and retail markets.
Outlook for the next 6 months
Analysts predict that the approval of cryptocurrency index-based ETFs, such as those from Grayscale, Hashdex, Bitwise, Franklin Templeton, will likely reach 95% in the second half of the year. Many filings are approaching SEC deadlines in July, promising to usher in a new era of cryptocurrency-related financial products, further promoting the integration of Blockchain into traditional markets.
Source: https://tintucbitcoin.com/bloomberg-du-doan-xrp-doge-cardano-thiet-lap-du-kien/
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