Following Bitcoin and Ethereum, spot ETF applications have been made for many altcoins, including Ripple, Litecoin, and Solana. Analysts assess their chances of approval differently.
Spot ETFs on Altcoins
Spot ETFs on altcoins like Ripple and Litecoin are attracting investors' attention. However, the chances of approval vary for each of them.
SEC Stance and Approval Odds
Bloomberg analysis shows that the spot ETF on Litecoin has a higher chance of being approved than ETFs on Solana and XRP. The SEC may announce on February 13 that it is evaluating Grayscale's spot XRP ETF application. The SEC's decision will provide insight into the current view of XRP.
Impact of Ripple Lawsuit on Approval
Analysts estimate the probability of XRP ETF approval this year at 65%, while for Litecoin this figure is 90%. James Seyffart adds that resolving the Ripple lawsuit could significantly increase the chances of ETF approval.
While the chances of a spot XRP ETF getting approved in 2025 are 65%, the ongoing Ripple lawsuit remains a significant obstacle.
