The SEC’s approval of Bitcoin and Ethereum ETFs, along with the new SEC administration’s positive approach to the cryptocurrency sector, have facilitated ETF applications for many altcoins. At this point, 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 specifically listing the approval probabilities for Litecoin, Solana, XRP, and Dogecoin ETFs, along with the deadlines for a decision by the SEC. Accordingly, analysts have determined the probabilities and dates 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 important statements in a podcast he attended yesterday. Balchunas noted that the SEC’s decision to consider XRP ETFs is a significant development, as it suggests that XRP and other altcoins with ETF applications may no longer be classified as securities by the SEC. He also stated that this situation indicates a shift in how cryptocurrencies are managed in the US, adding that the ongoing crypto cases filed by the SEC will also be re-evaluated.
Will Altcoin ETF Approval Come in 2025? Eric Balchunas also discussed the potential for other altcoins, such as Dogecoin and Cardano, to follow suit with the XRP ETF. The analyst mentioned that while the SEC’s latest move is an encouraging sign, there remains uncertainty regarding when a final decision will be made, and the slight possibility of a denial should not be overlooked.
Opening a separate parenthesis for Litecoin, the analyst indicated that LTC is the altcoin with the highest probability of ETF approval because it is similar to Bitcoin and is regarded as a commodity. They expect the LTC ETF to be approved in 2025. Finally, addressing XRP and Solana, Balchunas remarked that while there is more uncertainty for SOL and XRP ETFs, the SEC’s latest actions pave the way for more filings and decisions in the coming months.
*This is not investment advice.