Good News for XRP, Litecoin and Solana: Analysts Raise ETF Approval Odds to 95%

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.