Litecoin continues to remain on the agenda with ETF news in recent days. Bloomberg ETF analysts Eric Balchunas and James Seyffart announced their new estimates on the possibility of approval of Spot Altcoin Stock Exchange Investment Funds (ETF) for the year 2025. According to the assessment, Litecoin (LTC) has the highest probability of approval, while the XRP was the lowest possibility.
Litecoin ahead, XRP is behind
According to analysts, Litecoin’s probability of approval of ETF is 90 %. It is followed by Dogecoin (Doge) with 75 %and solana (left) with 70 %. XRP is located at the bottom of the list with 65 %.
Balchunas said that Litecoin has come to the forefront in this process and has a high probability from the beginning. Furthermore, before the election, the probability of approval of all subcoin ETF applications were less than 5 %and pointed out that the current rates are quite high.
Litecoin ETF APPROVAL PROCESS
The US Securities and Stock Exchange Commission (SEC) recently accepted the 19b-4 forms of Litecoin ETF. This development is seen as one of the most important factors that increase Litecoin’s approval.
Balchunas said that Litecoin is a fork of Bitcoin and the fact that the same evidence of work (proof-of-work) mechanism is considered as an advantage by the SEC. Similarly, it is suggested that Dogecoin can be evaluated in the same category as Litecoin due to the launch of the pre -sale.
The situation may change for XRP and Solana
Analysts said that the SEC’s classification of XRP and Solana as securities has reduced the possibility of ETF approval. The fact that Dogecoin has a 5 %higher approval compared to Solana is also attributed to the possibility that SEC’s 19b-4 forms on the Dogin funds have not yet accepted the forms of 19b-4.
On the other hand, the Crypto Mission Force, led by SEC member Hester Peirce, can reconsider the status of XRP and SOL until the end of 2025. This may significantly increase the likelihood of ETF applications of these crypto assets.
It can be a turning point for 2025 crypto ETFs
SEC is able to accept XRP and DEGE ETF applications within this week, while analysts think that until 2025, alternative ETF structures may also emerge. Balchunas said that applications have been made, especially under the 1933 law of Blackrock’s Bitcoin ETF, but the funds based on 40 Laws or Cayman Islands -based funds can be among the options.
Finally, it is emphasized that the pressure has increased in order to relieve regulatory uncertainties for crypto investment products and that corporate investors’ interest in crypto ETFs has grown. Seyffart and Balchunas predict that these developments can make 2025 an important turning point for crypto ETFs.
