Positive Indicators for XRP, Litecoin, and Solana as Experts Increase ETF Approval Chances to 95%

Bloomberg ETF analysts, James Seyffart and Eric Balchunas, have increased the probability of the U.S. Securities and Exchange Commission (SEC) approving spot ETFs for XRP, Litecoin, and Solana to 95%, with a decision expected in October. The analysts also assign a 90% probability to spot ETFs linked to Dogecoin, Cardano, Polkadot, Hedera, and Avalanche. However, lower estimates were given for Sui and Tron due to regulatory uncertainties.

The increased optimism comes alongside increased SEC engagement, including requests for updated registration forms and clarity on staking and redemptions. Meanwhile, the U.S.'s first staked crypto ETF, the REX Osprey SOL Staking ETF, is set to launch, although decisions on Ethereum staking ETFs remain pending.