Litecoin, XRP and Solana ETF Applications Have 95% Chance of Approval This Year: Bloomberg Analysts
Litecoin (LTC), XRP and Solana (SOL) exchange-traded fund (ETF) applications all have overwhelming odds of approval this year, according to Bloomberg ETF analysts.
James Seyffart and Eric Balchunas now say on the social media platform X that those three altcoins have a 95% chance of securing ETFs in 2025.
They also give potential Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), Hedera (HBAR) and Avalanche (AVAX) ETFs a 90% chance of approval.
A Sui (SUI) ETF application from the crypto asset manager Canary Capital has slightly lower odds, at 60%, and a Canary Tron (TRX) bid doesn’t have any chance in 2025, according to the analysts.
Seyffart also notes that Ethereum (ETH) staking ETFs are also “extremely likely” to be approved in 2025.
Numerous other ETF applications have been filed for potential funds based on Axelar (AXL), BNB, Aptos (APT), Chainlink (LINK), Pudgy Penguins (PENGU), Official Trump (TRUMP), Melania (MELANIA) and Bonk (BONK).
Other potential new ETFs are tied to a basket of currencies, and a few are based on Bitcoin (BTC) and/or Ethereum, assets that have already been approved for inclusion in other spot ETFs.
The SEC greenlit the first spot market Bitcoin ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum ETFs for trading last July.
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