Ranking The XRP, Dogecoin, Solana, Litecoin ETF Approval Chances: One Altcoin Has A 90% Chance, Bloomberg Analyst Says

Spot altcoin ETFs stand a good chance of being confirmed in 2025, according to Bloomberg ETF analysts.

What Happened: Senior Bloomberg ETF analyst Eric Balchunas on Monday stated that Litecoin (CRYPTO: LTC) has the highest ETF approval odds at 90%.

Dogecoin (CRYPTO: DOGE) follows with 75%, Solana (CRYPTO: SOL) stands at 70% and an XRP (CRYPTO: XRP) ETF has a 60% chance of being approved, according to Balchunas.

The odds apply only to 1933 Act spot ETF filings like the iShares Bitcoin Trust ETF (NASDAQ:IBIT), but futures or 40 Act Cayman-structured ETFs could also get approval.

Notably, most of these had odds of under 5% before the election.

James Seyffart added that the SEC's stance has shifted, making XRP and Dogecoin filings likely to be acknowledged this week.

He emphasized that under continued Democratic control, most altcoin ETF approvals—except Litecoin—would have remained unlikely.  

The SEC, with Commissioner Peirce's crypto task force, will work to clarify security vs. commodity classifications by the end of 2025.

Also Read: Cardano Outperforms Bitcoin, Ethereum With 11% Gains After Grayscale Applies For First Ever ADA Spot ETF In US

What's Next: Altcoin Buzz noted that the DEX volume of Solana peaked to $60 million, almost double of Ethereum, targeting a 4-month winning streak over the latter.

Pro-XRP lawyer Jeremy Hogan on X noted that while ETF approval could happen quickly, the S-1 registration process could take 8-12 months before full market launch.

Read Next:

•  Spot XRP ETF Filings Hit The Deck: ‘Hard To Be Bearish Here,’ Trader Says