The SEC’s approval of Bitcoin and Ethereum ETFs, along with the new SEC administration’s positive approach to the cryptocurrency sector, has paved the way for ETF applications for numerous altcoins.
At this juncture, while ETF applications are being submitted for altcoins such as XRP, Solana (SOL), Litecoin (LTC), and Dogecoin (DOGE), analysts currently believe that LTC has a higher likelihood of receiving ETF approval. Bloomberg analysts Eric Balchunas and James Seyffart published a report last week that specifically outlined the approval prospects for Litecoin, Solana, XRP, and Dogecoin ETFs, as well as the deadlines for the SEC’s decision.
According to their analysis, the probabilities and dates are as follows: 90% – 02/10/2025 for Litecoin; 70% – 10/10/2025 for Solana; 65% – 17/10/2025 for XRP; and 75% – 18/10/2025 for Dogecoin.
While the SEC recently accepted the evaluation of XRP ETF applications, Bloomberg analyst Eric Balchunas made significant remarks during a podcast he attended yesterday. Balchunas highlighted that the SEC’s decision to consider XRP ETFs is a notable development, as it implies that XRP and other altcoins with ETF applications may no longer be categorized as securities by the SEC.
He also indicated that this situation reflects a shift in the regulatory treatment of cryptocurrencies in the United States, adding that the ongoing crypto cases filed by the SEC will also undergo re-evaluation.
Will Altcoin ETF Approval Come in 2025?
Eric Balchunas also explored the potential for other altcoins such as Dogecoin and Cardano to follow the lead of the XRP ETF. The analyst remarked that while the SEC’s latest move is a promising sign, uncertainty still looms over when a final decision will be reached, and the slim chance of disapproval should not be overlooked.
Focusing specifically on Litecoin, the analyst asserted that LTC possesses the highest probability of ETF approval because it is akin to Bitcoin and is regarded as a commodity. They anticipate that the LTC ETF will receive approval in 2025.
Finally, addressing XRP and Solana, Balchunas stated that while there is greater uncertainty surrounding SOL and XRP ETFs, the SEC’s recent actions create a pathway for more filings and decisions in the upcoming months.
*This is not investment advice.
