Editor's PiCK
Bloomberg: "Most Cryptocurrency Spot ETFs Have Their Approval Probability Raised to 90%"
Suehyeon Lee
Summary
- Bloomberg analysts have announced they raised the approval probability of cryptocurrency spot ETFs filed with the U.S. SEC to over 90%.
- They cited the SEC's active communication as a key reason for this positive evaluation.
- However, the launch and approval dates for the spot ETFs remain uncertain and could be postponed until after October.
Bloomberg analysts have now raised the probability of approval for cryptocurrency (crypto asset) spot ETFs filed with the U.S. Securities and Exchange Commission (SEC) to over 90%.
On the 21st (local time), James Seyffart, a Bloomberg ETF analyst, stated on his X account, "Eric Balchunas and I are raising the approval probability for most cryptocurrency spot ETFs to over 90%." He added, "The SEC's active communication is a positive sign."
This adjustment includes most of the cryptocurrency spot ETFs currently filed with the SEC, such as XRP, Dogecoin (DOGE), and Cardano (ADA) spot ETFs.
However, Seyffart added, "The launch and approval timing for these ETFs is unclear. It could be delayed until October or later."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
