Bloomberg Predicts XRP & Cardano ETFs Have 90% Approval Chance — Is a Massive Rally Coming?

Updated

June 23, 2025

Gambar Bloomberg Predicts XRP & Cardano ETFs Have 90% Approval Chance — Is a Massive Rally Coming?

Jakarta, Pintu News – The cryptocurrency market is witnessing significant developments regarding ETF approval opportunities for several major digital currencies.

Bloomberg’s senior ETF analysts Eric Balchunas and James Seyffart recently increased the odds of ETF approval for Ripple , Dogecoin , and Cardano by the United States Securities and Exchange Commission (SEC) to 90%.

This improvement is based on the positive interactions that took place with the commission.

Latest Developments in Cryptocurrency ETF Approval

The cryptocurrency industry at large has been awaiting a decision from the United States SEC regarding several cryptocurrency ETF applications that have been filed.

The ETFs in question include Ripple (XRP), Dogecoin (DOGE), Solana , Cardano (ADA), Polkadot , Litecoin (LTC), and NEAR. These ETFs are designed to allow investors to bet on the price of a particular cryptocurrency.

NEW: @EricBalchunas & I are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher. Engagement from the SEC is a very positive sign in our opinion pic.twitter.com/5dh8G8rK6Y
— James Seyffart (@JSeyff) June 20, 2025

This increased opportunity was announced by Seyffart through a post on X, where he mentioned that there is positive engagement with the Commission. This signals a high likelihood that several cryptocurrency ETFs will get the green light from the SEC in the near future.

VanEck’s role in Solana ETFs

While the analyst did not mention the Solana ETF specifically in this opportunity upgrade, it is important to note that this fund has been getting a lot of attention.

On June 18, US-based asset manager VanEck listed the Solana ETF on its clearing and settlement platform DTCC, which could boost long-term sentiment.

This move follows an earlier decision by the SEC to extend the ongoing altcoin ETF review timeline to the second half of 2025. This shows that despite the delays, there is significant progress in the recognition and integration of cryptocurrency-based financial products in the mainstream financial system.

Implications of ETF Approval

The approval of ETFs for cryptocurrencies such as Ripple (XRP), Dogecoin (DOGE), and Cardano (ADA) will have a huge impact on the market.

ETFs allow more conservative or regulation-bound investors to invest in digital assets without having to buy and hold the cryptocurrency itself.

In addition, this approval will provide further validation of cryptocurrencies as a legitimate asset class and may increase institutional adoption. It is also expected to bring greater liquidity and price stability to the cryptocurrency market.

Overall, with the increasing chances of ETF approval for some major cryptocurrencies, the market will probably witness significant changes in the way digital assets are traded and invested.

Investors and market watchers should keep a close eye on these developments as they could bring major changes to the current market dynamics.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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