Litecoin (LTC), XRP, and Solana (SOL) ETF Applications Expected to Get Approval in 2025
Experts from Bloomberg ETF analysts, James Seyffart and Eric Balchunas, have predicted a high chance of approval for Litecoin (LTC), XRP, and Solana (SOL) exchange-traded fund (ETF) applications this year. According to their analysis, these three altcoins have a 95% probability of securing ETFs in 2025.
Other Altcoins with High Approval Odds
The analysts also believe that Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), Hedera (HBAR), and Avalanche (AVAX) ETF applications have a 90% chance of approval. However, the odds for a Sui (SUI) ETF application from Canary Capital are slightly lower at 60%. On the other hand, a Canary Tron (TRX) bid is not expected to have any chance of approval in 2025.
Ethereum (ETH) Staking ETFs Likely to be Approved
Additionally, Seyffart notes that Ethereum (ETH) staking ETFs are also deemed “extremely likely” to be approved in 2025. This further expands the potential for cryptocurrency-related ETF offerings in the market.
Expansion of ETF Offerings
Various other ETF applications have been filed for potential funds based on Axelar (AXL), BNB, Aptos (APT), Chainlink (LINK), Pudgy Penguins (PENGU), Official Trump (TRUMP), Melania (MELANIA), and Bonk (BONK). The market is also witnessing the introduction of ETFs tied to a basket of currencies and those based on Bitcoin (BTC) and Ethereum, assets that have already gained approval for inclusion in other spot ETFs.
Regulatory Approvals
The Securities and Exchange Commission (SEC) recently approved the first spot market Bitcoin ETFs in January 2024, leading to significant inflows of capital into the cryptocurrency market. Subsequently, Ethereum ETFs were also given the green light for trading in July of the same year, indicating a growing acceptance of digital assets in the traditional financial sector.
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