Bloomberg Analysts Revealed: Here are the Altcoins with the Highest Probability of ETF Approval! - Koin Bulletin

Bloomberg ETF analysts announced that ETF applications for XRP, Solana, Dogecoin, and Litecoin have a high probability of approval, but did not make any evaluation for Polkadot and Hedera.

Bloomberg analysts state that the spot ETF approval process is gaining momentum for some altcoins, which hold a significant position in the crypto market. James Seyffart and Eric Balchunas, experienced analysts at Bloomberg, expressed that Litecoin ETFs have a 90% chance of approval. It is estimated that Dogecoin ETF applications have a 75% chance of being approved. For Solana and XRP ETFs, probabilities of 70% and 65% were given, respectively.

These predictions are supported by the more positive approach of the new government in the United States towards cryptocurrencies. Analysts pointed out that the US government showed a crypto-friendly stance after Donald Trump took office, and this could reduce regulatory barriers in the sector.

While evaluating crypto ETF applications, Bloomberg analysts focus on XRP, Solana, Dogecoin, and Litecoin, but do not indicate any possibility of approval for Hedera HBAR and Polkadot DOT. However, 21Shares applied for Polkadot ETF, and Canary Capital applied for Hedera ETF.

(# SEC and crypto regulations are gaining momentum

The approval of Bitcoin and Ethereum spot ETFs by the )SEC( in 2024 had raised expectations among investors for a similar process for other major altcoins. Bloomberg analysts expect XRP and Dogecoin ETF applications to be officially accepted this week.

In addition, it was emphasized that the XRP ETF process is more complex due to the legal battle between SEC and Ripple. Seyffart used the expression “SEC will not approve an ETF until the legal process regarding XRP is completely concluded”. Therefore, the 65% approval probability determined for XRP remains at a lower level compared to other altcoins.

While the evaluation process of ETF applications continues, analysts expect the SEC to make further statements in the coming months. In particular, it is noted that the new crypto regulation team led by Hester Peirce at the SEC needs to resolve the debates about whether crypto assets are securities or commodities.