BitcoinSistemi 2025-05-01 08:22:08

Bloomberg Shares Latest Forecasts on Altcoin ETFs: Chances of Approval Have Changed! – Solana and This Altcoin Are Ahead! What's the Latest on XRP, DOGE and AVA...

While Bitcoin and Ethereum's spot ETF approval was considered a turning point for the cryptocurrency industry, it also set an example for many altcoins. Spot ETF applications have also been made for many altcoins such as XRP, Solana (SOL), and Litecoin (LTC). While global giants such as Graysacle and Bitwise have applied for ETFs for many altcoins, these altcoin ETFs are expected to be approved in 2025. In the face of this expectation, Bloomberg has made an analysis showing what the chances of approval of altcoin ETFs are. According to Bloomberg, among the altcoins awaiting a spot ETF decision from the SEC, Solana and Litecoin have the highest chance of approval with a rate of 90 percent. At this point, Bloomberg senior analyst Eric Balchunas outlined the possibility of approval for several crypto ETFs, including SOL, XRP, and LTC. According to Bloomberg's chart, SOL and LTC have a 90 percent chance of approval, while XRP comes right behind with an 85 percent chance of approval. While the chance of approval for Dogecoin (DOGE) and Hedera (HBAR) ETFs is seen as 80 percent, the chance of approval for Cardano (ADA), Polkadot (DOT) and Avalanche (AVAX) is given as 75 percent. When we look at the approval rates announced in February, we see that the rate has not changed for Litecoin, but the approval chances for the others have increased. Because in the analysis in February, Bloomberg gave Litecoin a 90 percent approval chance, while Dogecoin had a 75 percent approval chance, Solana had a 70 percent approval chance, and XRP had a 65 percent approval chance. The analyst shared estimates on the chances of approval as well as the possible approval date. Balchunas noted that the dates given are subject to change, but most deadlines could fall in the fourth quarter of 2025. However, he added that an earlier date is possible. *This is not investment advice. Continue Reading: Bloomberg Shares Latest Forecasts on Altcoin ETFs: Chances of Approval Have Changed! – Solana and This Altcoin Are Ahead! What's the Latest on XRP, DOGE and AVAX?