Will ETF funds for cryptocurrencies: XRP, DOGE, LTC, and SOL be launched this summer?
The issue of launching exchange-traded funds (ETFs) for coins like XRP, DOGE, LTC, and SOL remains widely anticipated, especially after the listing of Bitcoin and Ethereum spot funds marked a qualitative shift in Wall Street's dealings with digital assets.
In this context, "Eric Balchunas," Bloomberg's senior ETF analyst, stated during the "Token2049" conference in Dubai that the U.S. regulatory agency may grant approvals for several exchange-traded funds for alternative coins by the summer of 2025, noting that there are more than 70 applications under review by the U.S. Securities and Exchange Commission (SEC).
According to "Balchunas," ETFs tracking coins like XRP, SOL, DOGE, and LTC are among the top candidates, amid a regulatory environment that has become more open, supported by pro-crypto political stances, especially from the "Trump" campaign.
The "Polymarket" platform, known for its relative accuracy in forecasting, estimated the likelihood of approval for the XRP fund at 79% by the end of the year, but it drops to 42% by the closer date of July 31.
Ripple leads this list of funds in terms of the number of applications, although all approvals received so far relate to futures-based funds, not spot funds.
