The issue of launching exchange-traded funds (ETFs) for currencies 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 Balthunas", senior analyst for exchange-traded funds at Bloomberg, stated during the "Token2049" conference in Dubai that the U.S. regulatory body may grant approvals for several exchange-traded funds for alternative currencies by the summer of 2025, noting that there are over 70 applications under review by the U.S. Securities and Exchange Commission (SEC).
According to "Balthunas", funds tracking currencies like XRP, SOL, DOGE, and LTC are among the top candidates, amid a regulatory environment that has become more open, supported by pro-cryptocurrency political stances, particularly from the "Trump" camp.
The "Polymarket" platform, known for its relative accuracy in prediction, estimated the likelihood of approval for an XRP fund at 79% by the end of the year, but it drops to 42% by the closer date of July 31.
Ripple leads the list of these funds in terms of the number of applications, although all approvals it has received so far relate to funds based on futures, not spot.
As for DOGE, the chances of approval for its trading fund stand at 68% by the end of December, decreasing to less than 25% in July. Estimates suggest that the odds of launching similar funds for Solana and Litecoin are around 78% by the end of 2025, but do not exceed 30% and 24% respectively during the upcoming summer.
