BREAKING: Bloomberg Now Gives 90% Chance for XRP, DOGE & ADA ETFs – Meme Coins Go Mainstream?
Crypto's wildest assets just got a Wall Street stamp of approval—or at least a very expensive gamble.
The ETF Dam Breaks
Bloomberg analysts suddenly shifted from cautious to near-certain on spot ETFs for three controversial tokens: XRP (the legal battleground), DOGE (the meme), and ADA (the 'ghost chain' with cultish devotees). 90% odds aren't just high—they're borderline reckless in traditional finance terms.
Why This Stings TradFi Purists
Imagine explaining to a 1980s stockbroker that an internet joke about a Shiba Inu could soon sit alongside SPY in retirement portfolios. The SEC's resistance crumbles faster than a shitcoin's liquidity during a bear market.
Last Word: Whether this legitimizes crypto or exposes ETFs as a desperation play for fading relevance, one truth remains—money flows where the hype lives. Even if that hype barks.
Why Are the Crypto ETF Odds Higher?
The analysts credit the SEC’s engagement with crypto of late and a rebounding market for the odds rising. Currently, several spot crypto ETFs are awaiting approval from the US regulator. In early June, the SEC requested that spot solana exchange-traded fund issuers update their S-1 filings, suggesting that approvals could be coming soon.
Upon the approval of the first spot Bitcoin and ethereum ETFs, attention immediately went to other top digital assets like SOL and XRP. The SEC and Ripple’s legal battle conclusion also sent bullish signals through the crypto industry that the SEC was ready to accept cryptocurrency as a valid asset. As a result, a more crypto-favoring SEC could push forth less-stricter crypto regulation and more pro-crypto rulings.
Additionally, Trump’s return to the White House also brought forth a pro-crypto regime and attitude. The SEC got a new pro-crypto head to replace Gary Gensler, and a new crypto team was founded for the White House. All of these factors are taken into consideration by the Bloomberg ETF analysts, who have heightened their approval odds.
