Recent developments regarding ETF approvals for altcoins raise investor interest in projects like Litecoin and XRP.
First ETF Approval for Solana
In light of the recent approval news for Solana, the CEO of Rex Shares confirmed that the REX-OSPREY Solana ETF will begin trading in the US on Wednesday. This event marks a significant step for the altcoin market.
Predictions for Litecoin and XRP
Analysts estimate a 95% probability of ETF approval for Litecoin and XRP in 2025. Fox Business reporter Eleanor Terrett shared predictions from Bloomberg senior ETF analysts James Seyffart and Eric Balchunas, who have shown high accuracy in their forecasts. According to them, LTC and XRP are at the forefront of altcoins likely to receive approval following Solana.
Approval Odds for Other Altcoins
In addition to Litecoin and XRP, other altcoins that follow in probability include Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), HBAR, and Avalanche (AVAX), each with a 90% probability. SUI holds a 60% probability, while Tron (TRX) and Pengu have a 50% chance.
Thus, the altcoin market is preparing for potential ETF approvals that could significantly impact investment strategies and overall interest in cryptocurrencies.