Bloomberg analysts have raised the odds of altcoin ETF approvals for Solana, XRP, and Litecoin to 90% or higher, reflecting a growing optimism in this area.
Odds of Altcoin ETF Approvals
Recent updates from Bloomberg analysts, James Seyffart and Eric Balchunas, indicate that the chances of spot crypto ETFs being approved this year is now 90% or higher. This is due to the SEC actively engaging with issuers, seen as a very bullish sign.
Analysis of Different Altcoins' Odds
Among altcoins, Solana, XRP, and Litecoin lead with a 95% chance of ETF approval. Other altcoins like Cardano, Dogecoin, Polkadot, Avalanche, and HBAR are holding strong at 90%. SUI lags with only 60% odds due to regulatory uncertainty and the lack of a futures market.
Future ETF Approval Prospects
Seyffart states that this is now a matter of 'when, not if.' However, the timing of these launches remains uncertain. Recent SEC actions signal a more pro-crypto stance, and asset managers are eager to replicate the success of spot Bitcoin ETFs.
The growing optimism from analysts suggests that altcoins are on the verge of significant changes in the ETF landscape. The coming months could be pivotal for their approvals.
