Litecoin, SOL Dominate ETF Race as XRP, DOGE, ADA Struggle: Bloomberg
Highlights
- Bloomberg analysts point out the increasing odss of the SEC's imminent approval of crypto ETFs.
- Litecoin and Solana ETFs lead with 90% chance of being approved.
- XRP, Cardano, and Dogecoin follow closely, sparking optimism.
As the crypto community eagerly awaits the launch of multiple exchange-traded funds (ETFs), Bloomberg analysts James Seyffart and Eric Balchunas have revealed the odds of approval. According to their analysis, Litecoin and Solana ETFs are leading the pack, while XRP, Dogecoin, and Cardano are lagging behind.
As underscored by the Bloomberg analysts, both Litecoin and Solana funds have a 90% chance of approval. The SEC and CFTC recognize these assets as commodities, contributing to the increasing odds of their ETF approval.
Litecoin and Solana ETF Odds Lead with 90% Chance
Bloomberg senior analyst Eric Balchunas recently shared a chart on X, outlining the odds of approval for several crypto ETFs. As per the chart, Solana and Litecoin ETFs are dominating with a 90% chance of approval, thanks to their classification as commodities. Following closely behind is XRP ETF, with an odd of 85%.
Dogecoin and Cardano ETFs are also contenders, boasting approval odds of 80% and 75%, respectively. Polkadot, HBAR, and Avalanche are also in the running, with odds of 75%, 80%, and 75%, respectively.
Balchunas’ X post read, “Would love to hear directly from Atkins, but all good chance of happening.” His post referred to SEC Chair Paul Atkins, who has always been enthusiastic about crypto and exchange-traded funds.
The SEC’s pro-crypto stance and the optimistic approach to investment funds have further bolstered anticipations of their imminent launch.
When Will the US SEC Approve Altcoin Investment Products?
Together with the odds of approval, the analyst has also shared insights on other details, including the possible date of approval. Though Balchunas stated that the mentioned dates are subject to change, most of the deadlines fall in the fourth quarter of 2025. However, an early decision is also possible.
It is noteworthy that the regulatory process is slow, which is clear from the long and delayed procedures involved in the Bitcoin and Ethereum funds approvals. This is further explained by James Seyffart’s revelation of the SEC’s postponement of decisions on Ethereum staking ETFs and Dogecoin spot ETFs. Seyffart stated, “I am expecting more delays today or at least this week on some Solana and Hedera/HBAR ETF filings.” He added that the final deadlines for these products are expected in October 2025 or later.
Though there were rumors that ProShares would launch XRP ETFs by April 30, Seyffart recently raised concerns, highlighting its inaccuracy.
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