Bloomberg Intelligence’s finest analysts, Eric Balchunas and James Seyffart, have once again graced us with their predictions for the 2025 U.S. spot cryptocurrency ETF approvals. And guess what? They’ve bestowed upon Solana (SOL) a dazzling 90% chance of success. The crypto world’s golden child, evidently. 🤑
Bloomberg Analysts Forecast a 90% Shot for Solana and Litecoin Spot ETFs – Let’s Get Rich?
But wait, it doesn’t stop there. Litecoin (LTC) and digital asset index baskets have also been bestowed with a 90% chance of approval. XRP trails just behind, at an 85% probability, while the likes of Dogecoin (DOGE), Polkadot (DOT), Cardano (ADA), Hedera (HBAR), and Avalanche (AVAX) trail at a more modest 75% to 80% odds. Who said the crypto world was predictable? 🤷♂️
The data, courtesy of our dear analysts at Bloomberg Intelligence, highlights that the U.S. Securities and Exchange Commission (SEC) has already acknowledged all 19b-4 filings for these assets. Decision deadlines? Oh, just between July and December 2025. Meanwhile, the SEC recently delayed Franklin Templeton’s XRP ETF and Bitwise’s Dogecoin ETF. Gotta love those regulatory delays, right? ⏳
The SEC, bless its heart, is expected to classify these digital tokens as commodities—because who doesn’t want their favorite cryptos to be recognized as “legitimate,” right? Also, most of these assets already have regulated futures, which, as the analysts suggest, could tilt the approval scales in their favor. Go ahead, SEC, surprise us. 🏛️
On the prediction market Polymarket, the buzz is just as loud. As of April 30, the Solana ETF wager shows an 89% likelihood of approval by the end of 2025, up a solid 15%. Who’s betting on this? Well, $142,806 has already been traded on this juicy bet, aligning almost perfectly with Bloomberg’s forecast. Can you say ‘early bird catches the worm’? 🐦
Litecoin and XRP are riding this optimism train as well, with both trading at a 79% approval chance on Polymarket. The XRP Polymarket contract has seen a cool $65,640 in volume, while Litecoin’s market has processed $42,181. It’s like Wall Street, but with a lot more digital coins and far fewer suits. 💸
As for Cardano? Well, let’s just say it’s not exactly setting the world on fire. With a 69% chance on Polymarket, though up 59% recently, its bet volume is the highest among the group at $366,581. So, if you’ve been secretly hoarding ADA, now might be the time to make your move, despite Bloomberg’s conservative 75% estimate. 🔥
With the SEC’s deadlines drawing nearer, all eyes are on whether these digital darlings will follow in the footsteps of Bitcoin (BTC) and Ethereum (ETH), whose spot ETF markets are already taking off like a rocket. 🚀
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2025-04-30 18:31