Bloomberg ETF analyst Eric Balchunas stated that the chances of approval for spot cryptocurrency ETFs are now "almost 100%." He explained that the new general listing standard has rendered the 19b-4 filings and review timelines meaningless, with only the S-1 filings awaiting official approval from the SEC's Corporate Finance Division. Notably, the Solana ETF has submitted its 4th amendment, meaning the approval decision "could come any day."
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"Spot ETF approval likelihood is "nearly 100%": Eric Balchunas"
Bloomberg ETF analyst Eric Balchunas stated that the chances of approval for spot cryptocurrency ETFs are now "almost 100%." He explained that the new general listing standard has rendered the 19b-4 filings and review timelines meaningless, with only the S-1 filings awaiting official approval from the SEC's Corporate Finance Division. Notably, the Solana ETF has submitted its 4th amendment, meaning the approval decision "could come any day."