According to Bloomberg analysts, the odds of approval for crypto ETFs for altcoins such as Solana, XRP, and Litecoin have risen to 95% this year.
Increased Odds for ETF Approval
ETF experts Eric Balchunas and James Seyffart reported in a post on X that they raised the likelihood of ETF approvals from 90% to 95%, indicating growing confidence in a wave of altcoin ETFs. They also predict a high probability for a crypto basket ETF.
Decision Deadlines for ETFs
The final decision deadlines for Solana, XRP, and Litecoin ETFs are set for October, while ETFs for Dogecoin, Cardano, Polkadot, Hedera, and Avalanche, with a 90% approval chance, are expected in Q4. Meanwhile, the odds for Sui are 60%, and for Tron, they are 50%.
Launch of First Solana Staking ETF
The first-ever Solana Staking ETF, REX Osprey, will launch on Wednesday. After facing SEC hurdles regarding its structure, the fund will now invest at least 40% in other crypto ETPs, mostly based outside the U.S., to meet regulatory requirements.
With high odds for ETF approvals and new products launching, 2025 could be a landmark year for the altcoin ETF sector.
