The chances of approval for crypto ETFs seem strong! 📈
Bloomberg analysts have raised their confidence to over 90% for most crypto ETF approvals, including XRP, LTC, SOL, DOGE, and ADA. This optimism stems from increased engagement by the SEC with issuers, seen as a positive sign for the market.
Looking at recent price movements:
- XRP has experienced volatility, trading around $2.12 after reaching highs near $2.18
- $SOL showed significant movement, dropping from $148 to around $140
- $DOGE fell from $0.171 to $0.162
- $ADA dropped from $0.602 to $0.577
Only SUI is lagging behind with a 60% chance of approval due to regulatory uncertainty, although it still trades steadily around $2.72.
Polymarket bettors are equally optimistic, giving the XRP ETF a 98% chance of approval this year, 91% for SOL, and 71% for DOGE.
Is it the right time to hop on the train?🚀
