Bloomberg analysts James Seyffart and Eric Balchunas, Left Coin and some Altcoin ETFs announced their approval rates. Among these, Litecoin ETFs have the highest approval rate with 90 %. Analysts said that XRP ETFs have the lowest approval rate due to the Ripple SEC case.
Bloomberg analysts discussed left coins and some alcoin ETFs
Bloomberg Analyst James Seyffart said that he and Eric Balchunas have now focused on solana (left coin), XRP, Dogcoin and Litecoin, and that they have raised relatively high approval rates throughout the Board of Directors. In 2025, analysts identified 70 %of the probability of approval of Solana ETFs. Meanwhile, the approval rates for XRP, Dogecoin and Litecoin ETFs were 65 %, 75 %and 90 %, respectively.
Analysts had previously predicted that the US SEC would first approve of a Litecoin ETF because of its non -valuable status. Moreover, the commission is already meeting with Canary Capital about Litecoin ETF. So far, Canary, Grayscale and Coinshares are three exporters who have applied to present a Litecoin ETF.
Dogecoin ETFs have a higher chance than left coins and XRP ETFs. Because analysts believe that SEC is likely to see the original breast coin as a Litecoin commodity. However, solana ETFs have a superiority compared to the Dogecoin ETFs. Because the US SEC accepted the 19b-4s for the first.
Why do XRP ETFs have the lowest approval rate?
Bloomberg analysts said that XRP ETFs have the lowest approval rate due to Ripple and SEC case. According to analysts, it is unlikely that SEC will approve an XRP ETF until the Ripple concludes the case against Ripple. This came when the law expert Jeremy Hogan predicted that the Ripple case would end before the XRP ETF approval. The lawyer announced that the Commission has this opinion because it took a long time to confirm such funds. Legal expert Marc Fagel predicted that the Ripple SEC case could end as soon as Paul Atkins SEC began to work.
Paul Atkins may take some time to approval
Paul Atkins should be approved by the US Senate in order to start working as the president of the SEC. Fox correspondent Eleanor Terrett explained how this process can take some time in an X article. He said that the Senate should approve of dozens of new management members and that the cabinet members are generally the first approved. The Senate currently decides about nine members of the Senate.
Therefore, it does not seem possible for Atkins’s approval to the near future. Although the US SEC Candidate Candidate has not yet been determined, a trial will be held in front of the Banking Committee. If Atkins’s nomination passes through the committee, the Senate will vote. Terrett said that although he was nominated by Joe Biden in January, he did not approve the former SEC President Gary Gensler until April 2021. Similarly, after the nomination of Donald Trump, the predecessor of Gensler, was nominated by Donald Trump in January 2017, it was not approved until May 2017.
