Good News for XRP, Litecoin and Solana: Analysts Raise ETF Approval Odds to 95%
Main Idea
Bloomberg ETF experts predict a high probability of SEC approval for spot ETFs tied to several altcoins, including XRP, Litecoin, and Solana, with potential approvals expected in the second half of 2025.
Key Points
1. James Seyffart and Eric Balchunas estimate a 95% probability for SEC approval of spot ETFs for XRP, Litecoin (LTC), and Solana (SOL) this year.
2. They also give a 90% probability for spot ETFs tied to Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), Hedera (HBAR), and Avalanche (AVAX).
3. Filings for Sui (SUI) and Tron (TRX) ETFs have lower approval estimates (60% and 50%, respectively), partly due to the lack of CFTC-regulated futures products.
4. The SEC may approve ETFs tracking broad altcoins or staking-related products, with updated S-1 registration forms requested from issuers.
5. The first U.S.-based staked crypto ETF, REX Osprey SOL Staking, is set to launch, with diversification rules requiring at least 40% investment in Ethereum staking.
Description
Bloomberg ETF experts James Seyffart and Eric Balchunas have said there is a 95% probability that the U.S. Securities and Exchange Commission (SEC) will approve spot ETFs for XRP, Litecoin (LTC), and Solana (SOL) this year. The financial watchdog is expected to decide on the three proposals in October. The New Approval Odds In a Monday X post , the analysts revealed that they have raised their odds for exchange-traded funds tracking the three altcoins from 90% to 95%. “We expect a wave of new ET...
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