Bloomberg Analysts See 95% Chance of Solana, Litecoin, XRP ETF Approvals This Year

Key Points

1. Bloomberg ETF analysts Eric Balchunas and James Seyffart raised approval odds for Solana, Litecoin, and XRP ETFs to 95%, up from previous estimates.

2. A crypto index ETF could be approved this week, while SEC decisions on Solana, XRP, and Litecoin ETFs are due by October.

3. Approval odds for Dogecoin, Cardano, Polkadot, Hedera, and Avalanche spot ETFs are forecast at 90%, while Sui and Tron ETFs face lower odds of 60% and 50% respectively.

4. The REX Osprey Solana Staking ETF is set to launch, marking the first US-listed fund to incorporate crypto staking, with 40% of assets invested in overseas exchange-traded products.

5. Over 70 cryptocurrency ETFs are awaiting SEC review, with XRP and Solana spot ETFs being the most popular, attracting applications from 10 and 6 institutions respectively.

6. Digital asset investment funds saw $2.7 billion inflows last week, totaling $16.9 billion over 11 weeks, with Bitcoin attracting $2.2 billion (83% of total inflows).