Altcoin ETF Approval Chances for XRP, ADA, and DOGE Hiked to 90% by Bloomberg
Bloomberg ETF analysts James Seyffart and Eric Balchunas have considerably raised the chances for the approval of multiple spot crypto ETFs– consisting of those tied to XRP, Dogecoin (DOGE), and Cardano (ADA)– to an overwhelming 90% or greater. The experts’ increased optimism is based upon installing signals of useful engagement from the U.S. Securities and Exchange Commission (SEC). The new projections from Bloomberg likewise consist of a 90% or higher possibility for Litecoin (LTC) and Solana (SOL) ETFs.
The primary driver for the modified projection is an increase in back-and-forth communications between ETF providers and SEC staff. The new forecasts from Bloomberg place not only XRP, DOGE, and ADA above the 90% likelihood mark, but also include Litecoin (LTC) and Solana (SOL). On prediction platform Polymarket, XRP’s chances of securing a spot ETF approval by year-end are pegged at 98%, while SOL is seen at 91%, and DOGE sits at 71%, strong odds that mirror rising institutional and retail interest.
The projection comes as key altcoins reveal divergent fundamental and technical signals. Cardano (ADA), despite recent price challenges, appears to be regaining investor favor. A new survey conducted by TheBlockchainMedia saw Cardano receiving over 56% of more than 7,000 user votes when asked which altcoin has the strongest bullish potential, surpassing even XRP.
Meanwhile, technical analyst Efloud cautions that Solana (SOL) might face near-term headwinds. While SOL remains part of the broader ETF optimism, its technical structure suggests caution for short-term traders.
