Dogecoin ETF More Likely Than Avalanche, Cardano and Polkadot, Says Analyst

Dogecoin is more likely to get an exchange-traded fund (ETF) tracking the price of its native asset than large-cap chains Avalanche, Cardano and Polkadot, according to Bloomberg Intelligence. In their latest prediction of the odds of various altcoins getting a spot ETF approved, Bloomberg analysts Eric Balchunas and James Seyffart put the original memecoin’s chances at 80%. Avalanche, Cardano and Polkadot only got 75% each. It’s not all bad news for blockchains with a purpose: Layer 1 (L1) blockchain Solana was given a 90% chance, as were Litecoin and the various crypto baskets and index fund applications. Hedera tied with Dogecoin at 80%. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io