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US crypto ETF approval odds surge to ‘90% or higher’ — Bloomberg analysts

The likelihood of US regulators approving a wave of crypto exchange-traded funds (ETFs) is now a near certainty, signaling a continued pro-crypto shift at the Securities and Exchange Commission (SEC), according to Bloomberg analysts Erich Balchunas and James Seyffart.

In a social media post on Friday, Seffart said he and Balchunas have raised their odds for the vast majority of crypto ETF approvals to “90% or higher,” citing “very positive” engagement from the SEC.

The analysts also suggested that the SEC “likely” views cryptocurrencies such as Litecoin, Solana, XRP and Dogecoin as commodities —…