Bloomberg Sees 95% Chance of LTC and XRP Spot ETF Approval

Published: 2025-07-01 07:29:02 |

Bloomberg analysts James Seyffart and Eric Balchunas now project a 95% chance of SEC approval for Litecoin (LTC) and XRP spot ETFs by end-2025, following the green light for Solana’s spot ETF. They also assign 90% odds to Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), Hedera (HBAR) and Avalanche (AVAX), with smaller probabilities for SUI (60%), Tron (TRX) and Pengu (50%). The imminent launch of REX Osprey’s US-listed Solana staking ETF has bolstered confidence in yield-bearing products. Analysts note October as the final SEC deadline for filings, but a crypto-basket ETF could be approved sooner. Successful spot ETF approvals would likely unlock significant institutional and retail inflows, kickstarting an altcoin ETF summer and broadening market access.

Bullish

ETF approvals typically boost prices by unlocking new capital from institutional and retail investors. The high odds for LTC and XRP spot ETF approval, along with strong prospects for other altcoin ETFs, will likely spur speculative buying ahead of SEC deadlines in October. In the short term, market participants may bid up asset prices as filings progress and staking ETFs launch. Over the long term, approved spot ETFs can provide transparent, regulated exposure and sustained inflows, enhancing liquidity and market stability for these altcoins.