Bloomberg has increased the odds of spot-based XRP exchange-traded funds (ETFs) being approved in 2025 to 95% in thelatest update.
This comes amid increasing engagement from the U.S. Securities and Exchange Commission (SEC), which is viewed as an encouraging sign for ETF issuers.
Asreported by U.Today, Bloomberg analysts previously estimated that the probability of XRP ETFs being greenlit this year stood at 85%.
The latest update shows that the proposed ETF products that track Litecoin (LTC) and Solana (SOL) also stand at 95%. They were previously at 90%.
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The launch of the first spot-based memecoin ETF is also extremely likely. Dogecoin-based proposals, which have been put forward by such firms as Graycale, Bitwise, and 21Shares, are now overwhelmingly expected to be approved. Bloomberg analysts have now raised their odds to 90%.
The same applies to the ETF proposals for such altcoins as Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX). The odds of these products had previously been estimated at 95%.
According to Bloomberg, the SEC likely views all of these tokens as commodities.
Last June, as reported by U.Today, Ripple CEO Brad Garlinghouse opined that the launch of an XRP ETF in the US was "inevitable." There are already some futures-based products offering exposure to the Ripple-linked token.
Earlier this month, Canada outpaced the U.S. by approving three spot-based XRP ETFs.
The biggest question
According to ETF analyst Nate Geraci, the "biggest question" is whether or not asset management behemoth BlackRock will join the race to launch XRP and Solana ETFs. The analyst believes that this will eventually happen despite earlier comments from some BlackRock executives pouring cold water on the prospects of launching ETFs for other tokens beyond Bitcoin and Ethereum.
