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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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Solana (SOL) After Approval, Eyes Turned to Other Altcoins! Bloomberg Analysts Revealed the Altcoins with the Highest Approval Probabilities: One of Them is XRP!
After the Bitcoin and Ethereum spot ETFs in the US, altcoins such as Solana (SOL), XRP, and Litecoin (LTC) are also awaiting approval.
At this point, while the approval of spot altcoin ETFs is expected in 2025, the first approval came for Solana (SOL).
Accordingly, Rex Shares’ CEO stated that the REX-OSPREY Solana ETF, one of the issuer companies applying for the spot Solana ETF, will start trading in the US on Wednesday.
The latest development has sparked an upward movement in the SOL price, and expectations for other altcoin ETFs in the market have also increased.
After Solana, Next in Line are Litecoin (LTC) and XRP!
At this point, analysts estimate that the probability of LTC and XRP spot ETFs being approved in 2025 is 95%.
Fox Business reporter Eleanor Terrett shared on X account that Bloomberg senior ETF analysts James Seyffart and Eric Balchunas revealed their approval predictions for altcoin ETFs.
Eleanor Terrett noted that Balchunas and Seyffart have hit most of their predictions so far.
According to Balchunas and Seyffart, the altcoins with the highest probability of receiving approval from the SEC after Solana are Litecoin and XRP.
According to this, analysts predict that the likelihood of LTC and XRP receiving ETF approval in 2025 is 95%.
Seyffart wrote the following:
While Litecoin and XRP are at the top of the list in terms of approval likelihood, each of them is followed by Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), HBAR, and Avalanche (AVAX) with a 90% probability rate.
Finally, analysts give a 60% probability for SUI, a 50% probability for Tron (TRX) and Pengu.
*This is not investment advice.
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