Bloomberg Intelligence senior ETF analyst Eric Balchunas shared on social media on Wednesday the company's assessment of the approval probabilities for various cryptocurrency spot ETP applications. According to the chart, they believe that cryptocurrency index funds focusing on multi-coin configurations, Litecoin (LTC) ETFs, and Solana (SOL) ETFs are most likely to receive approval from the U.S. Securities and Exchange Commission (SEC) this year, with a probability of 90%.
Bloomberg analysts also estimate that the probability of a spot ETF tracking the price performance of Ripple (XRP) being approved this year is over 85%, while the probabilities for Dogecoin (DOGE) and Hedera (HBAR) spot ETFs are at 80%, and for Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX) spot ETFs, the probability is 75%.
Source: Eric Balchunas
After the new SEC Chairman Paul Atkins officially took office last week, Balchunas stated that there are more than 70 cryptocurrency fund applications pending review by the regulatory agency. In addition to the aforementioned 9 products, it also includes ETFs involving tokens such as AXL, APT, SUI, PENGU, TRUMP, MELANIA, BONK, BNB, LINK.
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