With the growing clamor for spot crypto ETF products, Bloomberg analysts have reiterated the approval odds for Solana, Litecoin, and XRP.
Among the numerous crypto Exchange-Traded Funds (ETFs) on the desk of the United States Securities and Exchange Commission (SEC) that are likely to gain approval, Solana (SOL) and Litecoin (LTC) are leading. The odds of the US SEC approving these funds are gradually increasing.
ETF Analysts Weigh in on Solana and Litecoin ETF Odds
Senior Bloomberg ETF analysts Eric Balchunas and James Seyffart have collectively assigned a 90% chance that the Solana and Litecoin ETFs will be approved. It is worth noting that Solana and XRP ETFs were reported to shine as the two most popular altcoins targeted.
Would love to hear directly from Atkins, but all good chance of happening. Here’s our latest odds of approval for all the dif spot ETFs via @JSeyff https://t.co/nLhYJJmO9U pic.twitter.com/4AcJVwhics
— Eric Balchunas (@EricBalchunas) April 30, 2025
While the basis for the prediction remains unknown, it suggests that the Commission is gradually warming up to other altcoin ETFs, after the Ethereum ETF launched almost a year ago.
The experts gave their opinion on the matter after a crypto enthusiast known as 14kfeetup on X asked their thoughts on Ethereum staking, XRP, Dogecoin, and SOL.
“Do you think Ethereum staking, XRP, DOGE, and SOL will all have an equal chance of approval, or is Atkins likely to treat them differently?” the X user probed.
In response, Balchunas posted their latest odds of approval for a suite of spot crypto ETFs. In addition to SOL and LTC, other altcoins up for ETF consideration are DOGE, Cardano (ADA), Polkadot (DOT), Avalanche (AVAX), and HBAR. The ETF analyst also mentioned that he was looking forward to hearing from Paul Atkins, the recently sworn-in chairman of the US SEC.
DOGE, APT, and TRX ETFs Await SEC Approval
Recently, Nasdaq filed the 19b-4 with the SEC to list and trade the 21Shares Dogecoin ETF, providing institutional investors direct access to DOGE without the perceived investment risks associated with cryptocurrencies.
Canary Capital filed for the first staked TRX Fund with the US SEC a few weeks ago. It plans to launch a spot Tron ETF that includes staking, allowing investors to earn extra rewards while holding TRX tokens if approved. Investors are positioned to get more value from their investment in the long run than regular ETFs.
Bitwise Asset Management also submitted its application with the SEC to list a spot Aptos ETF. It first filed to create a Delaware trust entity for a proposed Aptos ETF before eventually filing with the agency.
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