Bloomberg analysts project XRP’s ETF approval odds at 95%, igniting powerful institutional momentum poised to reshape crypto markets and thrust digital assets into mainstream financial dominance. XRP ETF Nears SEC Approval With 95% Odds, Say Bloomberg Analysts Mounting anticipation is sweeping across the crypto market as multiple digital assets, including XRP, edge closer to potential spot exchange-traded fund (ETF) approvals, signaling a possible turning point for institutional adoption. Bloomberg ETF analyst James Seyffart shared on social media platform X that he and fellow ETF analyst Eric Balchunas have increased their approval odds for most spot crypto ETF filings. Seyffart stated: “Engagement from the SEC is a very positive sign in our opinion.” A broad spectrum of cryptocurrencies is involved in these filings, including XRP, litecoin, solana, dogecoin, cardano, polkadot, HBAR, avalanche, SUI, and Tron. XRP has emerged as one of the leading candidates, drawing participation from major asset managers such as Grayscale, Bitwise, Canary, 21Shares, Wisdomtree, Coinshares, and Franklin Templeton. The U.S. Securities and Exchange Commission (SEC) has already acknowledged 19b-4 filings for XRP ETFs, setting a final decision deadline of Oct. 17, 2025. Seyffart emphasized the uncertainty around the exact timing in another X post: “The timing of these approvals/launches is more uncertain.” He clarified: Could be something we’re talking about in the next month or two. Or it could be something that waits until October or later. Matter of when not if. XRP’s approval odds currently stand at 95%, according to the Bloomberg analysts, placing the cryptocurrency alongside litecoin, solana, and baskets/index products, which also reflect strong institutional backing and favorable regulatory momentum. Meanwhile, dogecoin, cardano, polkadot, HBAR, and avalanche hold 90% likelihoods, indicating growing optimism across a wide range of assets. SUI and Tron remain more uncertain, with SUI assigned a 60% probability and TRON not scheduled for 2025 review. The SEC’s apparent inclination to classify many of these assets as commodities continues to bolster their regulatory standing. Nonetheless, advocates for rapid approvals caution that ongoing delays could jeopardize the U.S.’ competitive edge in the global digital asset sector. They argue that expediting decisions, particularly for prominent candidates like XRP, would satisfy investor demand, enhance market stability, and position the U.S. as a leader in the evolving crypto economy.