Key Points:
- Top Altcoins ETF Approvals see rising odds, with Litecoin ETF at 90% approval probability, followed by Dogecoin, Solana, and XRP ETFs.
- SEC’s stance on altcoin ETFs shifts post-Trump, signaling potential regulatory clarity and increased institutional confidence.
Top Altcoins ETF Approvals gain traction as SEC considers filings for XRP, Solana, Dogecoin, and Litecoin, reflecting shifting regulatory policies in the U.S.
Top Altcoins ETF Approvals: SEC’s Changing Stance on Crypto
The race for U.S.-approved altcoin ETFs is heating up as financial giants file applications for XRP, Solana, Dogecoin, and Litecoin ETFs. According to Bloomberg analysts James Seyffart and Eric Balchunas, these Top Altcoins ETF Approvals have the highest approval odds in history. They estimate the likelihood as follows:
- Litecoin ETF: 90%
- Dogecoin ETF: 75%
- Solana ETF: 70%
- XRP ETF: 65%
Notably, before the 2024 U.S. elections, the likelihood of approval was under 5%. However, since the Trump administration’s shift towards pro-crypto policies, these odds have skyrocketed. Bloomberg’s Eric Balchunas noted that the SEC’s stance has evolved significantly, opening the door for institutional investment.
Under former Chair Gary Gensler, the SEC was resistant to altcoin ETFs, especially for Solana. Now, the agency appears to be reassessing its position, with new leadership signaling a more favorable regulatory climate.
Read more: Binance Proof of Reserves Plummets by $8 Billion
Institutional Confidence in Top Altcoins ETF Approvals
Among the pending altcoin ETFs:
- Litecoin ETF (LTC): Leads with a 90% approval probability due to its strong regulatory compliance track record.
- Dogecoin ETF (DOGE ETF) – 75%: Analysts predict that XRP and Dogecoin ETFs may be formally acknowledged as early as this week.
- Ripple ETF (XRP ETF) – 65%: Because of facing legal headwinds the ongoing SEC vs. Ripple lawsuit. Despite a court ruling favoring Ripple in mid-2023, the SEC’s appeal could delay ETF approval. Seyffart cautioned that regulatory clarity is essential before an XRP ETF can proceed. Despite these hurdles, Cboe BZX Exchange has submitted 19b-4 filings for four XRP ETFs from top asset managers, including WisdomTree, Bitwise, 21Shares, and Canary Capital.
Moreover, Grayscale has filed the first-ever Cardano ETF application, submitted by NYSE Arca on February 11. Following this announcement, ADA’s price surged 16%, reaching a $28.24 billion market cap.
However, Cardano, Solana, and XRP remain on the SEC’s list of securities from past lawsuits against Binance and Coinbase. Final ETF approval depends on regulatory classification clarity, which may emerge by late 2025 when SEC’s crypto task force, led by Commissioner Hester Peirce, finalizes its guidelines.
If these approvals move forward, they could reshape institutional crypto investment, offering a major boost to the altcoin market.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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