SEC Approves XRP, SOL, DOGE Spot Crypto ETF Applications: Bloomberg
According to Bloomberg analysts, the U.S. Securities and Exchange Commission (SEC) has a strong chance of approving several cryptocurrency ETFs,
including spot crypto ETFs for XRP, Solana (SOL), and Dogecoin (DOGE).
Analysts James Seyfarth and Eric Balchonas said most of the applications have a 90 percent or higher chance of approval.
Bloomberg Intelligence’s James Seyfarth said the SEC’s discussions with applicants are a positive sign, indicating that the regulator is now in a more cooperative position.
The development comes as the SEC issued a wave of 19b-4 approvals and S-1 amendments, indicating that the regulator is ready to issue ETFs. is expanding its partnership with the likes of ,
Spot crypto ETF applications for various crypto assets such as Litecoin, Solana, XRP, Dogecoin, and Cardano are now at 90% or higher approval chances,
However, the SUI ETF, filed by Canary, is an exception and is only given a 60% chance of approval as its future contractual and regulatory issues are not yet fully clear,
Polymarket bettors are also optimistic about the approval of the XRP and SOL ETFs, with the XRP ETF given a 98% chance of approval and the SOL ETF given a 91% chance,
The Dogecoin ETF is also given a 71% chance,
All these developments are welcome for the cryptocurrency market and indicate that US regulators are working to increase the approval of financial products for cryptocurrencies. Ready, which will make crypto investment more accessible and legally secure ....
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This is news, this is analysis,
This is not financial advice from the author of the post, if you want to invest in the crypto market, first do thorough research, then buy, 😊
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