Bloomberg analysts forecast high chances for the approval of spot cryptocurrency ETFs for Solana, Litecoin, and XRP. James Seyffart and Eric Balchunas report on these updates.
New Analyst Forecasts
James Seyffart and Eric Balchunas have updated their forecasts, stating that the probability of ETF approval for Solana, Litecoin, and XRP has increased to 95% in 2025. They also mentioned that other crypto ETFs have high approval chances, including Dogecoin, Cardano, Avalanche, Hedera, and Polkadot, which stand at 90%.
The Role of SEC and Possible Timelines
Seyffart noted that the increased odds for ETF approvals stem from positive engagement with the SEC. The regulator has already acknowledged the 19b-4 forms for these applications and likely views the underlying altcoins as commodities. Analysts indicate that approvals may come within weeks, with final SEC decision deadlines set for October and November.
Conclusions and Expectations
Despite uncertainties regarding timing, analysts believe that ETF approvals are merely a matter of time. Seyffart warned that timelines could vary but is confident that approvals will occur in the near future.
Therefore, the high chances of ETF approval for Solana, Litecoin, and XRP indicate positive changes in SEC policy and provide hope for further developments in the crypto industry.
