BREAKING: Bloomberg Analysts Now Give XRP, ADA, and DOGE ETFs a Staggering 90% Approval Chance

The crypto ETF gold rush just got wilder—Bloomberg's top analysts are betting the farm on meme coins and altcoins.

The New ETF Frontrunners

Move over, Bitcoin. Regulatory oddsmakers now see a near-certain path for XRP, Cardano, and even Dogecoin to join the ETF party. That 90% probability isn't just hopeful—it's a direct challenge to the SEC's anti-crypto playbook.

Why This Changes Everything

Wall Street's once-unthinkable embrace of 'joke' assets now looks inevitable. Behind closed doors, TradFi giants are already prepping custody solutions—because nothing motivates banks like the scent of fresh fees.

One cynical take? The same institutions that mocked DOGE are now racing to repackage it for boomer IRAs. The more crypto changes, the more finance stays predictably hypocritical.

Polymarket aligns with Bloomberg’s prediction

On the Polymarket, a prediction site, users are now betting that the Ripple ETF will be approved by the end of the year. The odds are also at  90%. This is a 19% surge from the previous odds, which suggests that buyers are becoming more confident.

Currently, Bitcoin and Ethereum-based ETFs are a big part of the market. However, XRP’s progress toward becoming an ETF could provide good competition.

If the ETF is approved, XRP WOULD be bought and sold on traditional stock exchanges like any other security. Holders would not have to handle their crypto wallets directly. This makes it easier for small investors to enter and lets institutional capital come in without directly investing in crypto.

Analysts say approvals could arrive within weeks

The next few months could be very important for getting ready for what could be the biggest crypto event of the year. As for timing, analysts say approvals could arrive within weeks or closer to final deadlines later this year. Most applications have their final SEC decision dates in October and November.

However, earlier this week, the US SEC said it would take an extra 35 days to decide whether to accept or reject Franklin Templeton’s spot XRP filing. Instead, it opened a comment period for the ETF and proposed a spot solana ETF from the same firm.

While there’s still a delay in approving the spot XRP ETF in the US, the 3iQ XRP ETF was launched on the Toronto Stock Exchange on Wednesday. As reported by Cryptopolitan, XRPQ started without a management fee for the first six months. 

This made it one of the most affordable digital asset exchange-traded funds (ETFs). It will only put money into long-term holdings of XRP bought from trustworthy over-the-counter (OTC) counterparties and digital asset trading sites.

Seyffart and Balchunas also assigned a 95% probability of approval to crypto basket or index ETF filings within the next six months by Grayscale, Hashdex, Bitwise, and Franklin Templeton. Several of these applications are approaching their final SEC deadlines in early July.

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now