The post Bloomberg Analysts Reveal Prediction For Solana, XRP, Dogecoin, & Litecoin ETFs appeared on BitcoinEthereumNews.com.

Bloomberg analysts James Seyffart and Eric Balchunas have revealed their predictions for the Solana, XRP, Dogecoin, and Litecoin ETFs. As part of their predictions, they outlined the approval odds for each of these crypto ETFs. Bloomberg Analysts Give Take On Crypto ETFs In an X post, Bloomberg analyst James Seyffart stated that he and Eric Balchunas were putting out relatively high odds of approval across the board with a focus on Solana, XRP, Dogecoin, and Litecoin for now. These Bloomberg analysts put the odds of approval for Solana ETFs at 70% in 2025. Meanwhile, they put the approval odds for XRP, Dogecoin, and Litecoin ETFs at 65%, 75%, and 90%, respectively. These analysts had previously predicted that the US Securities and Exchange Commission (SEC) would likely approve a Litecoin ETF first because of its non-security status. Moreover, the Commission is already engaging with Canary Capital on its Litecoin ETF. So far, Canary, Grayscale, and CoinShares are the three issuers that have filed to offer a Litecoin ETF. Dogecoin ETFs have higher odds than the Solana and XRP ETFs because these analysts believe that there is a huge likelihood that the SEC also views the top meme coin as a commodity, like Litecoin. However, the Solana ETFs have an edge over the Dogecoin ETFs as the US SEC has acknowledged the 19b-4s for the former. Why XRP ETFs Have The Lowest Approval Odds The Bloomberg analysts explained that the XRP ETFs have the lowest approval odds because of the Ripple SEC lawsuit. According to them, the SEC is unlikely to approve an XRP ETF until it settles the litigation against Ripple. This comes just as legal expert Jeremy Hogan predicted that the Ripple lawsuit would end before the XRP ETF approval. The lawyer explained that he holds this opinion because of…

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Filed under: News - @ February 11, 2025 6:25 am