DOGE, SOL, XRP ETFs lag behind LTC in approval odds: Bloomberg analysts

Key Takeaways

Bloomberg analysts predict Litecoin ETFs have greater approval odds than DOGE, SOL, and XRP.
Litecoin’s classification as a commodity by the CFTC bolsters its ETF approval prospects.

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Bloomberg analysts count on Litecoin to steer the subsequent wave of spot crypto ETF approvals, with CoinShares and different main asset managers actively pursuing regulatory clearance for varied digital asset funds.

NEW: @EricBalchunas and I took a have a look at the filings for spot crypto ETFs. We’re placing out comparatively excessive odds of approval throughout the board. Mainly targeted on Litecoin, Solana, XRP, and Dogecoin for now.

Here’s the desk with the chances and another particulars: pic.twitter.com/xaXaNXLb0M

— James Seyffart (@JSeyff) February 10, 2025

Nasdaq has submitted 19b-4 kinds to the SEC for 2 CoinShares merchandise: a Litecoin ETF and an XRP ETF. The European funding agency’s transfer comes because it seeks to broaden its US market presence.

Bloomberg ETF analysts James Seyffart and Eric Balchunas have evaluated filings for spot crypto ETFs masking Litecoin, Solana, XRP, and Dogecoin.

Litecoin’s regulatory outlook seems significantly favorable, because the CFTC has categorized it as a commodity in its KuCoin lawsuit, distinguishing it from belongings doubtlessly topic to securities rules.

The SEC and Commissioner Hester Peirce’s Crypto process power are anticipated to make clear the safety versus commodity standing of those digital belongings by the top of 2025.

Market sentiment has shifted notably, with Polymarket knowledge displaying Litecoin ETF approval odds rising from 42% in January 2025 to above 80% presently.

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