Key dealers
- Bloomberg -analyst raised approval odds for Spot Crypto ETFs such as XRP, Solana and Litecoin to 90% or higher.
- SEC’s positive commitment signals are likely to approval for several new Spot -Crypto -etfs in addition to Bitcoin and Ethereum.
XRP has moved into the top level for ETF approval persons, next to Litecoin and Solana, as industry experts now see a 95% chance that SEC will approve a spot ETF bound to the fourth largest crypto supply.
Bloomberg ETF analyst James Seyffart and Eric Balchunas have lifted their approval odds for several crypto -etfs to 90% or over this year due to a growing dialogue between issuers and Sec.
NEW: @Ericbalchunas & I raise our odds for the vast majority of the site for crypto ETF applications to 90% or higher. Commitment from SEC is a very positive sign in our opinion pic.twitter.com/5DH8G8RK6Y
– James Seyffart (@jseyff) June 20, 2025
Spot XRP ETFS, which previously saw a 85% approval probabilityHas received 10%extra. At the same time, approval odds for prospective funds bound to Dogecoin, Cardano, Polkadot, Hbar and Avalanche have also increased to 90%.
Analysts have also given a 60% first estimate for Canary’s Spot Sui ETF.
Outside ETFS at Bloomberg’s approval Odds Board of Directors, SEC also reviews a number of crypto investment products, including altcoin-linked ETFs such as faith and Trump, as well as means aimed at integrating.
According to Seyffart, these funds outside the board are due to the lack of a 19B-4 submission, which he believes, however, will come soon.
Litecoin ETFs have long topped approval lists that are partly supported by CFTC’s reference to LTC as a commodity in previous legal applications. Canary Capitals suggested LitaCoin ETF was among the first to show Signs of Sec engagement.
SEC has recently asked Solana ETF issuers to update their S-1 applications, an indication that Potential approvals can approach.
Although there is a growing optimism with potential crypto -etf launches this year, Seyffart noted that the timing of the expected approvals is “uncertain.”
“May be something we’re talking about in the next month or two. Or it may be something waiting until October or later. Ask about when not,” the analyst said.
