10.06.2025 23:59

Several firms have submitted applications for spot cryptocurrency exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission (SEC), and the SEC has acknowledged their receipt, according to Bloomberg analyst James Seyffart. This development marks a significant step forward in the potential mainstream adoption of cryptocurrencies.

Seyffart's analysis suggests varying probabilities of approval for different cryptocurrencies. Litecoin, Solana, and those offering diversified cryptocurrency baskets enjoy the highest projected approval odds, estimated at a substantial 90 percent. XRP trails closely behind with an 85 percent likelihood of approval, followed by Dogecoin at 80 percent. Cardano, Polkadot, and Avalanche each hold a 75 percent chance, according to the analyst's assessment. The probability for Sui is somewhat lower, at 60 percent. Interestingly, TRON/TRX applications are not yet under review, with a projected deadline set for 2026.

This news comes from internet sources and highlights the increasing interest in and potential for regulatory acceptance of cryptocurrencies in the United States. The SEC's acknowledgment of these applications represents a pivotal moment, potentially paving the way for increased institutional investment and broader market accessibility for a range of digital assets. The diverse range of cryptocurrencies included in the applications underlines the growing maturity and diversification of the crypto market.