A Pivotal Moment for the Crypto Market
The cryptocurrency industry may be on the brink of a historic turning point, as Bloomberg analysts predict that the U.S. Securities and Exchange Commission (SEC) is nearing approval of several altcoin exchange-traded funds (ETFs) — with approval odds reaching as high as 95% for some tokens.
High Approval Odds for Top Altcoins
In a June 30 update on X (formerly Twitter), Bloomberg ETF analysts James Seyffart and Eric Balchunas raised their approval probabilities for several altcoin ETFs:
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Solana (SOL) and Litecoin (LTC): 95% (up from 90%)
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Ripple (XRP): 95% (up from 85%)
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Dogecoin (DOGE): 95% (up from 80%)
These increases reflect positive momentum in discussions between ETF issuers — such as Bitwise — and the SEC.
Growing Optimism for ADA, DOT, AVAX, and HBAR
Approval odds also surged for other major altcoins, now estimated at 90%:
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Cardano (ADA)
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Polkadot (DOT)
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Avalanche (AVAX)
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Hedera (HBAR)
Although these tokens still face regulatory delays, the analysts cite building momentum and institutional interest as key drivers behind their rising potential.
SUI and TRX Still in Limbo
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SUI: Stuck at 60% approval probability due to regulatory ambiguity and the absence of CFTC-regulated futures.
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Tron (TRX): Surprisingly jumped to 50%, despite not being previously ranked. However, a formal SEC review isn’t expected before 2026.
A Surprise Contender: PENGU Makes Its ETF Debut
In a surprising twist, the Chicago Board Options Exchange (CBOE) filed a proposal to launch an ETF combining PENGU, a meme coin, with Pudgy Penguins NFTs. This would mark the first-ever ETF to merge a meme coin with NFTs under a single investment product.
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Approval odds for this novel ETF: 50%
