Bloomberg analysts predict the chances of altcoin ETF approval: LTC is 90%, SOL is 70%, XRP is 65%
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According to Bitcoinist, the US SEC has delayed its decision to approve applications for trading open-end index funds (ETFs) supported by several altcoins, including XRP, Solana, Litecoin and Dogecoin, as well as a new Ethereum ETF proposal that allows issuers to pledge assets they hold and allocate some of the proceeds to investors.
Bloomberg ETF analysts James Seyffart and Eric Balchunas gave the altcoin ETF approval forecast: the Litecoin ETF is 90%, the Solana ETF is 70%, the Dogecoin ETF is 75%, and the XRP ETF is 65%.