Analysts in the exchange-traded fund (ETF) sector are forecasting a high probability of approval for ETFs related to altcoins such as Solana, Litecoin, and XRP. These prospects have been strengthened by recent assessments from Bloomberg specialists.
Overall ETF Predictions
Analysts Eric Balchunas and James Seyffart from Bloomberg have increased the likelihood of approving ETFs for Solana, Litecoin, and XRP to 95%, up from the previous 90% estimate. They also foresee potential approval for an ETF linked to a basket of crypto assets. The SEC deadline for a decision on these ETFs is set for October.
New ETFs on the Horizon
In addition to Solana, Litecoin, and XRP, the approval odds for other altcoins such as Dogecoin, Cardano, Polkadot, Hedera, and Avalanche are assessed at 90%. Final decisions on these funds are anticipated in the fourth quarter. Meanwhile, ETFs filed by Canary Capital for Sui and Tron have lower approval odds at 60% and 50%, respectively.
Staking Market and SEC Delays
It is also reported that the first U.S. ETF for Solana staking is set to launch on Wednesday. This product has already faced some regulatory hurdles but managed to secure approval. The SEC continues to delay decisions regarding Ethereum staking and is not ready to approve current proposals.
Overall, the current predictions in the cryptocurrency ETF sector indicate a high likelihood of approval for significant funds, which may impact the market in the coming months.
