Ah, investment firms — those loveable scamps always first to the buffet and last to pick up the tab. Heavyweights like Grayscale and Bitwise are already elbowing each other to file for spot ETFs tied to all the hottest altcoins, because when you see a bandwagon rolling by, you climb aboard and start flinging confetti. 💸
The latest from Bloomberg: Solana and Litecoin are apparently everyone’s golden children (they probably have their own monogrammed lunchboxes), each strutting around with a 90% chance of getting SEC approval for an ETF. Not bad for a couple of glorified computer programs.
Bringing up the rear (but still solidly invested in themselves) is XRP at 85%, while Dogecoin and Hedera are coming in hot at 80%. Cardano, Polkadot, and Avalanche? They’re the moody middle children, all tied up at 75%. Someone get them a participation trophy. 🏅
And because crypto never sleeps (or even naps, frankly), everyone’s feeling much more chipper than they did back in February. XRP’s odds jumped from 65% to 85%, Solana is showing off with a leap from 70% to 90%, and good old Litecoin is basically the Hermione Granger of the bunch, just sitting at 90% for ages and answering all the questions correctly.
Now, Bloomberg’s senior ETF analyst Eric Balchunas (who probably dreams in spreadsheets) predicts Q4 2025 as the big ETF reveal party…but don’t bother making weekend plans yet—regulators could totally mix it up and get things rolling sooner. Or later. Or never. That’s regulatory drama for you.
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2025-05-02 09:55