Solana, Litecoin, and XRP top ETF approval odds as analysts weigh in
Will Your Favorite Altcoin Become an ETF? The Odds Are in! 🎲💰
Ah, the world of altcoins, where dreams are spun like gossamer threads in a spider’s web, and analysts, those modern-day oracles, are sharpening their quills to pen the next chapter of this financial fable. As the market buzzes with anticipation, one can almost hear the collective gasp of investors pondering the eternal question: if, when, and which altcoins shall bask in the warm glow of regulatory approval?
On a fateful day, June 10, 2025, the illustrious Bloomberg analyst, James Seyffart, emerged from the shadows to declare that the odds of altcoin ETFs receiving the coveted nod from the SEC are, indeed, on the rise. This burgeoning optimism follows the commission’s formal acknowledgment of several 19b-4 filings from the titans of finance: Grayscale, VanEck, Franklin Templeton, and 21Shares. Oh, the drama!
Yet, dear reader, the timeline for approval remains as elusive as a mirage in the desert. Seyffart, with the confidence of a seasoned gambler, estimates that regulators will likely greenlight the majority of pending crypto ETFs in the early days of Q4, 2025. Mark your calendars, or perhaps just scribble it on a napkin—who needs precision in this whimsical world?
I wrote about this topic a bit today as well. Can be read at this link here if you’re a Bloomberg Terminal Client:
— James Seyffart (@JSeyff) June 10, 2025
Leading the charge are the dashing duo of Solana (SOL) and Litecoin (LTC), each boasting a staggering 90% probability of receiving the commission’s blessing. Following closely are Ripple (XRP) and the ever-enthusiastic Dogecoin (DOGE) with their respective chances of 85% and 80%. Meanwhile, Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX) strut in with a respectable 75% chance of approval. Sui (SUI), however, lags behind with a mere 60%, while TRON (TRX) remains a mystery, floating in the ether of indecision.
Seyffart’s estimations are not mere whims; they are crafted from a tapestry of factors, including the SEC’s current sentiments towards each asset, the CFTC’s regulatory embrace of futures, and the formidable strength of the filing institutions. A veritable cocktail of considerations!
These projections are further buoyed by recent whispers that the SEC is engaging with issuers regarding their various Solana ETF filings, with a verdict expected to drop like a bombshell in the coming weeks. And let us not overlook Seyffart’s unabashed confidence in the Dogecoin ETF, which stands out like a neon sign in a dimly lit alley, especially as the appetite for memecoin-related funds grows.
Are Memecoin ETFs next?
With the OG memecoin’s odds now looking robust, the air is thick with anticipation that the memecoin category, as a whole, could soon witness its inaugural series of ETF approvals. Grab your popcorn, folks; this show is just getting started! 🍿
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2025-06-11 12:56