DOGE, SOL, XRP ETFs lag behind LTC in approval odds: Bloomberg analysts

Key Takeaways

Bloomberg analysts predict Litecoin ETFs have higher approval odds than DOGE, SOL, and XRP.
Litecoin’s classification as a commodity by the CFTC bolsters its ETF approval prospects.

Share this article

Bloomberg analysts expect Litecoin to lead the next wave of spot crypto ETF approvals, with CoinShares and other major asset managers actively pursuing regulatory clearance for various digital asset funds.

NEW: @EricBalchunas and I took a look at the filings for spot crypto ETFs. We’re putting out relatively high odds of approval across the board. Mainly focused on Litecoin, Solana, XRP, and Dogecoin for now.

Here’s the table with the odds and some other details: pic.twitter.com/xaXaNXLb0M

— James Seyffart (@JSeyff) February 10, 2025

Nasdaq has submitted 19b-4 forms to the SEC for two CoinShares products: a Litecoin ETF and an XRP ETF. The European investment firm’s move comes as it seeks to expand its US market presence.

Bloomberg ETF analysts James Seyffart and Eric Balchunas have evaluated filings for spot crypto ETFs covering Litecoin, Solana, XRP, and Dogecoin.

Litecoin’s regulatory outlook appears particularly favorable, as the CFTC has classified it as a commodity in its KuCoin lawsuit, distinguishing it from assets potentially subject to securities regulations.

The SEC and Commissioner Hester Peirce’s Crypto task force are expected to clarify the security versus commodity status of these digital assets by the end of 2025.

Market sentiment has shifted notably, with Polymarket data showing Litecoin ETF approval odds rising from 42% in January 2025 to above 80% currently.