In a modern update, Eric Balunas, the Great ETF analyst in Bloomberg, shared new updates on the opportunities of many investment funds circulating in the encrypted currency for approval by the US Securities and Stock Exchange Committee (SEC).
In a post on X (previously Twitter), Balchunas stated that he hopes to hear from the Supreme Education Council directly, but for the time being, the chances of many investment funds circulated in Crypto Green Light look strong.
The analyst included the possibilities of approval of popular cryptocurrencies such as Litecoin, Solana, XRP and others. And what? Some of them have a 90 % chance for approval in 2025.
Here is a quick and easy look at the latest numbers:
- ETFS encryption basket (mix of different currencies) – 90 %
- Litecoin (LTC) – 90 %
- Solana – 90 %
- XRP – 85 % (important update on April 21)
- Dogecoin (Doge) – 80 %
- Hbar – 80 %
- Cardano (ADA) – 75 %
- Polkadot (dot) – 75 %
- Avalanche (Avax) – 75 %
Most of these encryption assets are likely to be treated as commodities by the Supreme Education Council, making the chances of their approval brighter.
The report also indicates major dates and regulatory dates for each ETF. It is clear that the encryption market is close to becoming a greater part of the traditional financial world. If these circulating investment funds are approved, they can open the door for more security and easily investment in popular cryptocurrencies through regular stock market channels.
