Odds for Litecoin, Dogecoin, Solana and XRP ETFs Approval Soar

With asset managers filing for spot crypto ETF rapidly, Bloomberg analysts have issued odds of approval for top contenders like Litecoin ETF.

Analysts from Bloomberg have recently spotlighted expected exchange-traded funds (ETFs) tied to certain digital assets. James Seyffart and Eric Balchunas have unveiled that Litecoin, Dogecoin (DOGE), Solana (SOL), and XRP now have bigger chances of ETF approval. 

This is because the U.S. government, under President Donald Trump, is now more open to crypto. They believe his pro-crypto administration will help remove past hurdles for the digital assets industry. Approving these ETFs could open up more investment options for regular investors.

More Crypto ETF Beyond XRP, Solana and Litecoin

According to Seyffart and Balchunas, Litecoin has the best chance of getting ETF approval. They give Litecoin’s chances a 90% rating, especially with filings from Canary Capital and Grayscale. 

Notably, Litecoin has been around for a while and has a good track record, making it a reliable option for investors. Its strong community and solid performance help it stand out as a top contender for an ETF. 

On the other hand, Dogecoin (DOGE) has grown into a top crypto despite starting as a joke. Seyffart and Balchunas see a 75% chance for Dogecoin ETFs to get approved. They revealed that its massive rise in popularity, partly thanks to Elon Musk, has turned it into one of the most valuable cryptocurrencies. 

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

They also noted that recent changes in U.S. regulations could support the rise of more crypto ETFs. In January, SEC Commissioner Hester Peirce was chosen to lead a crypto task force to help create more straightforward rules for crypto. 

If this task force helps to clarify the rules, the crypto industry could see more crypto ETFs soon.

Solana and XRP: Good Odds but Some Hurdles

Solana and XRP also can get ETFs, but their odds are lower. Seyffart and Balchunas give Solana a 70% chance and XRP a 65% chance. While both are strong digital currencies, they face some challenges. 

In recent weeks, Solana has had network problems. Meanwhile, XRP-linked Ripple is still involved in a legal battle with the U.S. Securities and Exchange Commission (SEC). Until that gets sorted, it is unclear when or if an XRP ETF could be approved. 

Last year, the SEC approved Bitcoin and Ethereum ETFs, marking a big leap for the crypto world. With Litecoin, Dogecoin, Solana, and XRP ETFs on the way, the future looks bright. 

If these ETFs are approved, it could lead to even more people investing in crypto, which would help bring crypto closer to the mainstream.

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