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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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📄 More info 👉 https://www.gate.com/announcements/article/45695 - 🎉 Gate Alpha Second Points Special Airdrop is coming!
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📸 Alpha Points Snapshot: June 24, 16:00 (UTC)
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Bloomberg analysts have raised the likelihood of spot ETF applications for popular altcoins such as XRP (XRP), Dogecoin (DOGE), and Cardano (ADA) being approved by the end of the year to 90%.
The movements of the SEC in recent weeks have created great excitement in the cryptocurrency market. Bloomberg's renowned ETF analysts Eric Balchunas and James Seyffart have raised their predictions that spot crypto ETFs will be approved due to the institution's increasing interest. According to analysts, this situation is a strong indication that the SEC has adopted a warmer approach towards digital assets.
Previously, Balchunas and Seyffart saw the likelihood of approval for leading altcoin ETFs such as XRP, Dogecoin, and Cardano as being below 90%. However, in light of recent developments, they significantly increased their predictions. Analysts also indicated that the ETF applications for Litecoin (LTC), Solana (SOL), Polkadot (DOT), and Avalanche (AVAX) similarly have a high chance of approval.