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The likelihood of approval for an altcoin ETF for XRP, DOGE, and ADA has increased to 90% according to Bloomberg.
Bloomberg ETF analysts James Seyfart and Eric Balchunas have sharply increased the likelihood of approval for several spot cryptocurrency ETFs, including those linked to XRP, Dogecoin (DOGE), and Cardano (ADA), to 90% and above.
The increased optimism of analysts is based on growing signals of constructive engagement from the U.S. Securities and Exchange Commission (SEC), indicating a potential easing of regulation.
Analysts note positive interaction with the SEC
The main factor for revising the forecast is the increase in bilateral communications between ETF issuers and SEC staff. "In our opinion, interaction with the SEC is a very positive sign."