Bloomberg analysts Eric Balchunas and James Seyffart, who are well-known in the cryptocurrency world, have evaluated the possibility of the altcoin ETFs, which none other than Ethereum has yet been approved by the SEC, one by one.
Analysts listed the probabilities of approval for altcoin ETFs and the deadlines for a decision by the SEC, focusing specifically on Litecoin, Solana, XRP, and Dogecoin:
- Litecoin: 90% – 02/10/25
- Fade: 70% – 10/10/25
- XRP: 65% – 17/10/25
- Dogecoin: 75% – 18/10/25
However, analysts reminded that Litecoin and Dogecoin are most likely recognized as commodities by the SEC, while other assets are not. They also added that if the Democrats had won the US elections instead of Donald Trump, the probability of approval of ETFs of other altcoins other than Litecoin would have been much lower.
Analysts have not yet stated a possibility for the other two altcoins for which companies have applied for spot ETFs, HBAR and Polkadot.
The SEC recently reviewed spot ETF applications for Litecoin and Solana and sought public comment.
*This is not investment advice.
