“The baby could come any day,” says Bloomberg analyst, the probabilities of approval of Licoin ETF, Solana and XRP now 100%

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According to Bloomberg, you can establish a series of funds quoted in the cryptocurrency stock Eric Balchunas.

Balchunas said Monday that the approval of ETF requests linked to assets such as Cardano, Litecoin, Solana and XRP was now “100%” guaranteed after the launch of the generic standards of the generic commission for ETF based on cryptocurrency.

Balchunas’ comments occurred after the SEC requested that the emitters withdraw the 19B-4 presentations related to their ETF requests.

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The 19B-4 is a presentation presented by exchanges, such as Nasdaq and Nyse, on behalf of the emitters who describe a rule change required to list a new ETF. The presentation has generally required for ETF approvals of spot cryptocurrencies, but also arrived with a 240 -day legal approval window.

According to Balchunas, presentations 19b-4 and the “clock” that came with them are no longer necessary for ETF applications of spot cryptocurrencies thanks to the new generic listing standards. Now only S-1 record presentations are required, he said. S-1 presentations presented by the Issuers do not come with such deadlines.

“The baby could come any day,” Balchunas said. “Be ready.”

Before the recent change in the Cryptocurrency ETF applications process, the deadline for a DEC decision on ETF requests linked to Litecoin, Solana and XRP has already concentrated in October.

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Of all ETF applications of pending cryptocurrencies, Balchunas suggested on Monday that the products linked to Solana can be the first to be approved. He stressed that registration statements linked to products have already undergone four amendments, which usually indicates a high commitment and progress of the SEC.

Bit A Bit Investment Chief Matt Hougan He said last month that the launch of Solana Etfs would mark the beginning of the “Solana season.” He cited a convergence of entries in the products and the demand of the digital asset treasure companies that are stacking the asset. He said the combination was what caused Bitcoin’s career of $ 40,000 in January 2024 to a record of almost $ 125,000. He also said that it has caused Ethereum to recover since April.