Bloomberg Signals 90%+ Likelihood of SEC Approval for XRP, Dogecoin, and Cardano ETFs in 2025
Introduction: A New Era for Crypto ETFs
In a groundbreaking report that has sent ripples through the crypto community, Bloomberg analysts have expressed growing confidence that the U.S. Securities and Exchange Commission (SEC) is likely to approve spot Exchange-Traded Funds (ETFs) for XRP, Dogecoin (DOGE), and Cardano (ADA) by the end of 2025. According to the latest Bloomberg Intelligence analysis published in June 2025, the probability of approval now exceeds 90%. This bold prediction comes in the wake of the SEC's recent greenlighting of Ethereum spot ETFs, signaling a potential shift in regulatory stance towards altcoins.
Bloomberg's Confidence: What's Driving the 90%+ Probability?
Bloomberg’s optimism is based on several key factors:
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Regulatory momentum: The SEC's approval of Bitcoin and Ethereum spot ETFs has set a precedent. Analysts argue that denying similar applications for XRP, DOGE, and ADA could raise legal and political challenges.
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Growing institutional demand: Large asset managers, including BlackRock, Fidelity, and Grayscale, have reportedly submitted or prepared applications for altcoin-based ETFs. Bloomberg notes that this reflects strong institutional appetite and market readiness.
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Judicial pressure: The SEC's legal loss to Ripple Labs in 2023 over the classification of XRP has weakened its position in blocking XRP-based financial products.
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Market maturity: The crypto market has demonstrated increased stability and liquidity in major altcoins, making them suitable candidates for spot ETF products.
Timeline: When Could Approval Happen?
According to Bloomberg's projections:
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Q3 2025: The SEC may begin formal reviews of XRP, DOGE, and ADA ETF applications.
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Q4 2025: Final approvals could be granted before the year ends, enabling ETF launches in early 2026.
Implications for the Crypto Market
If approved, XRP, Dogecoin, and Cardano ETFs could have transformative effects:
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Mainstream adoption: ETFs would provide a regulated, accessible way for retail and institutional investors to gain exposure to these altcoins.
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Price action: Analysts predict that approval could trigger significant price rallies, similar to the surges seen after Bitcoin and Ethereum ETF launches.
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Broader altcoin ETF wave: Success with these products could pave the way for ETFs based on other Layer-1 and Layer-2 tokens.
Remaining Hurdles
Despite Bloomberg’s bullish outlook, several challenges remain:
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Ongoing regulatory scrutiny: The SEC continues to express concerns about market manipulation and custody issues in the crypto sector.
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Political shifts: Changes in SEC leadership or U.S. political priorities could affect timelines and approval likelihood.
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Market volatility: Significant price swings could lead regulators to delay decisions.
Conclusion: 2025 Could Be a Historic Year for Altcoin ETFs
Bloomberg’s forecast of a 90%+ chance for XRP, DOGE, and ADA ETF approvals reflects a changing regulatory environment and growing institutional interest in crypto beyond Bitcoin and Ethereum. While hurdles remain, the stage appears set for altcoins to enter the U.S. ETF market — a development that could reshape crypto investing in the years ahead.