Bloomberg Intelligence analyst James Seyffart reports that multiple firms have successfully filed and received acknowledgment from the U.S. Securities and Exchange Commission (SEC) for applications seeking to launch spot cryptocurrency exchange-traded funds (ETFs).
Seyffart outlined varying probabilities for SEC approval across different digital assets. According to his analysis, spot ETF applications for Litecoin, Solana, and multi-asset crypto basket products currently hold the highest estimated approval odds at 90%.
Further estimates indicate an 85% chance for an XRP-focused spot ETF, while Dogecoin has a projected 80% approval likelihood. Spot ETF applications tied to Cardano, Polkadot, and Avalanche are each assessed at 75% odds.
SUI-related applications face slightly lower prospects, estimated at 60%. Notably, Seyffart stated that there is currently no active SEC review concerning a potential spot ETF for TRON (TRX), with the relevant application deadline extending to 2026.