Crypto ETFs for Litecoin and Solana are gaining traction, with Bloomberg Intelligence estimating high approval odds. Here's a breakdown :
- Litecoin (LTC) ETF: 90% approval probability, according to Bloomberg Intelligence. Litecoin's simpler use case and history might give it an edge over other cryptocurrencies, with some analysts believing it could be approved before Solana and XRP ETFs.
- Solana (SOL) ETF: Also with a 90% approval probability, Solana ETFs have garnered interest from companies like VanEck and 21Shares, which have filed applications with the SEC. Brazil has already approved two Solana ETFs, marking a potential global trend.
- XRP ETF: With an estimated 85% approval probability, XRP ETFs are also in the running. However, regulatory hurdles might cause delays. Franklin Templeton's XRP ETF application has been delayed by the SEC until June 17, 2025.
Other notable mentions include :
- DOGE ETF: 80% approval probability, with Bitwise's Dogecoin ETF proposal under review.
- HBAR ETF: Also with an 80% approval probability, Hedera's ETF prospects look promising.
- Crypto Asset Basket/Index ETFs: 90% approval probability, potentially offering diversified exposure to various cryptocurrencies.
The SEC's final approval deadlines for these ETFs are set for the latter half of 2025. If approved, these ETFs could attract significant investments, with JPMorgan predicting billions in new investments for Solana and XRP ETFs. Current prices for these cryptocurrencies are :
- Litecoin (LTC): $85.32
- Solana (SOL): $147.17
- XRP: $2.24 (with a 7% rise over the past week)
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