Bloomberg Analysts Weigh in on XRP, DOGE, LTC, and SOL ETF Approval Chances

ETF Approval Odds: SOL, DOGE, LTC, and XRP

Bloomberg analysts James Seyffart and Eric Balchunas have assigned approval probabilities to potential ETFs for Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), and XRP:

• Solana ETFs: 70% by 2025
• Dogecoin ETFs: 75%
• XRP ETFs: 65%
• Litecoin ETFs: 90% (highest likelihood)

Why Dogecoin ETFs Have an Edge Over XRP ETFs

Analysts believe Dogecoin has a higher approval chance than XRP due to the SEC's potential classification as a commodity.

XRP ETF Faces Uncertainties

The ongoing Ripple-SEC lawsuit poses the most significant hurdle for XRP ETF approval. The SEC is unlikely to approve an XRP ETF until the legal battle concludes.

Paul Atkins' SEC Nomination and Its Impact

Paul Atkins' nomination as SEC Chairman could delay ETF decisions if confirmed by the Senate. Historical precedents suggest a lengthy confirmation process.

Crypto Market Implications

Upcoming ETF approvals could significantly impact the trajectory of the cryptocurrency market.