Key takeout
- Bloomberg will raise its 2025 XRP ETF approval forecast to 85%.
- There is a 90% chance of approval for Litecoin and Solana ETF.
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According to the latest Bloomberg Intelligence update, the likelihood of the Spot XRP ETF launching in 2025 is increasing. Analysts now estimate that there is an 85% chance that SPOT XRP products will receive approval from the SEC, which will rise sharply from 65% in February’s outlook.
ETF analysts Eric Balchunas and James Seyffart also have increased approval odds for other digital asset support funds, tracking the products Litecoin and Solana leading the pack.
Litecoin and Solana spot ETFs have a 90% chance of approval from Bloomberg. Litecoin is particularly benefiting from the CFTC classification of LTC as a product.
The Solana approval odds jumped from 70% to 90%, and the assets gathered the institutional benefits driven by multiple ETF applications and its Defi and NFT ecosystems.
Other assets are gaining momentum too. Dogecoin and Hedera ETFs are assigned an 80% chance of approval.
Cardano ETFs submitted so far only by Grayscale have an estimated 75% chance of approval.
One of the latest assets to be filed, Avalanche, is similarly at 75%, with a final SEC decision expected around December 12th. Polka dot ETFs are tracked at the same 75% odds.
The SEC has recently delayed decisions for several applications, including Franklin Templeton’s Spot XRP and Solana ETF, Grayscale’s HBAR ETF, Bitwise’s Dogecoin ETF, and Ethereum Staking ETF from Franklin and Fidelity.
These funds will join the growing list of proposed crypto products currently awaiting regulatory approval.
Most AltCoin ETF decisions are expected between the third and fourth quarters of 2025. The SEC can reject applications for market manipulation concerns and investors’ lack of protection, but ETF experts believe there is little denial given the development of futures markets, legal progress and bipartisan interest in crypto market structure.
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