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Analysts predict the approval probabilities for LTC, DOGE, SOL, and XRP spot ETFs, with LTC reaching as high as 90%. 【Focus on these cryptocurrencies】
PANews reported on February 11 that according to analysts James Seyffart and Eric Balchunas, the current market has a relatively high probability of approval for the spot ETFs of Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), and XRP.
Among them, Litecoin (LTC) has a 90% probability, as it is viewed as a commodity by the SEC; Dogecoin (DOGE) has a 75% probability, also likely considered a commodity by the SEC; Solana (SOL) has a 70% probability, but it is still regarded as a security by the SEC; XRP has a 65% probability, mainly affected by the SEC lawsuit, and needs to resolve regulatory disputes. Seyffart mentioned that the ETF applications for XRP and DOGE are expected to be processed by the SEC this week, and the SEC's crypto working group led by Commissioner Hester Peirce is anticipated to address some of the “security vs commodity” regulatory disputes by the end of 2025. He pointed out that if the SEC continues to be dominated by Democrats, the approval probabilities for these ETFs would be “very low.” Additionally, Seyffart emphasized that the biggest obstacle for XRP ETF approval remains the lawsuit with the SEC, as the SEC needs to clarify the Ripple case before the ETF has a higher chance of passing.
#LTC #DOGE #SOL #XRP
PANews reported on February 11 that according to analysts James Seyffart and Eric Balchunas, the current market has a relatively high probability of approval for the spot ETFs of Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), and XRP.
Among them, Litecoin (LTC) has a 90% probability, as it is viewed as a commodity by the SEC; Dogecoin (DOGE) has a 75% probability, also likely considered a commodity by the SEC; Solana (SOL) has a 70% probability, but it is still regarded as a security by the SEC; XRP has a 65% probability, mainly affected by the SEC lawsuit, and needs to resolve regulatory disputes. Seyffart mentioned that the ETF applications for XRP and DOGE are expected to be processed by the SEC this week, and the SEC's crypto working group led by Commissioner Hester Peirce is anticipated to address some of the “security vs commodity” regulatory disputes by the end of 2025. He pointed out that if the SEC continues to be dominated by Democrats, the approval probabilities for these ETFs would be “very low.” Additionally, Seyffart emphasized that the biggest obstacle for XRP ETF approval remains the lawsuit with the SEC, as the SEC needs to clarify the Ripple case before the ETF has a higher chance of passing.
#LTC #DOGE #SOL #XRP
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