Bloomberg analysts have significantly boosted the approval odds for exchange-traded funds (ETFs) tracking XRP, Solana (SOL), and Litecoin (LTC) to 95%. This heightened probability reflects accelerating institutional interest and favorable regulatory developments concerning cryptocurrency investment vehicles.
Key catalysts include active reviews by the U.S. Securities and Exchange Commission (SEC) and formal ETF filings from prominent institutions like Grayscale and Bitwise. These moves signal robust momentum toward regulatory clearance for crypto-focused ETFs beyond Bitcoin.
Applications for ETFs featuring Dogecoin, Cardano, and Polkadot face significantly lower approval likelihoods and delayed timeframes due to regulatory ambiguities concerning token classification and market infrastructure.
Separately, the REX Osprey Solana Staking ETF is set to debut as the first U.S. fund offering direct exposure to staking rewards, establishing a new precedent for yield-bearing crypto products.
Brazil is entering the ETF arena with its GBTC11 fund, which merges Bitcoin and gold allocations in a dynamic allocation strategy. Aimed at optimizing risk-adjusted returns, it will launch later this month.
The SEC maintains a cautious stance on Ethereum staking ETF proposals, highlighting unresolved complexities around validator compliance and reward distributions among regulators.