Bloomberg Analyst: XRP, DOGE, and ADA ETF Likely to Be Approved by SEC in 2025
Bloomberg analysts now estimate the likelihood of approval for spot altcoin ETFs such as XRP, Dogecoin, and Cardano to be 90% or higher before the end of 2025, as the SEC's involvement in the evaluation process increases. Previously, this likelihood was rated below 90%, but the leadership change at the SEC—with Paul Atkins serving as the new chairman since April—has fostered positive sentiment towards digital assets.
The SEC has also recently requested a resubmission of the S-1 documents for the Solana spot ETF, indicating potential approval in the near future. Currently, the SEC-approved spot ETFs only include Bitcoin and Ethereum, but these products have attracted tens of billions of dollars from institutional investors, paving the way for other altcoins to follow if approved.
