• Bloomberg analysts checked out ETFs targeted on Litecoin, Solana, XRP, and Dogecoin
• They imagine a Dogecoin ETF has a 75% probability of being authorised in 2025 adopted by Solana at 70%, and XRP with 65%
• Nasdaq filed two ETF 19b-4 varieties for CoinShares with the SEC, in search of the approval of a Litecoin and XRP ETF

Bloomberg ETF analysts James Seyffart and Eric Balchunas imagine {that a} Litecoin ETF has a 90% probability of being authorised in 2025.

Taking to X, Seyffart stated: “@EricBalchunas and I took a look at the filings for spot crypto ETFs. We’re putting out relatively high odds of approval across the board. Mainly focused on Litecoin, Solana, XRP, and Dogecoin for now.”

In a desk, Seyffart notes {that a} Dogecoin ETF has a 75% probability of approval, a Solana ETF has a 70% probability, and an XRP ETF has a 65% approval score.

NEW: @EricBalchunas and I took a have a look at the filings for spot crypto ETFs. We’re placing out comparatively excessive odds of approval throughout the board. Primarily targeted on Litecoin, Solana, XRP, and Dogecoin for now.

Here is the desk with the percentages and another particulars: pic.twitter.com/xaXaNXLb0M

— James Seyffart (@JSeyff) February 10, 2025

Seyffart added that it’s unlikely the market will see an XRP ETF till the entire Ripple/XRP/SEC case is settled, completed, or has some kind of final result.

“The SEC needs to untangle that mess,” he stated.

Nasdaq information ETF varieties

The information comes as Nasdaq filed two 19b-4 varieties with the US Securities and Change Fee (SEC) on behalf of CoinShares for Litecoin and XRP exchange-traded funds (ETFs).

Nasdaq is in search of approval to checklist and commerce a CoinShares Litecoin ETF and XRP ETF following CoinShares S-1 filings submission in January. Crypto ETFs have gained in reputation for the reason that US spot Bitcoin ETFs launched final January.

CoinShares is hoping to benefit from this by increasing its presence into the US market.

The information follows that of the Chicago Board Choices Change (Cboe), which submitted 4 19b-4 varieties to the SEC final week. On behalf of  21Shares, Bitwise, Canary Capital, and WisdomTree, Cboe filed the varieties for XRP ETFs.

In October, Bitwise filed an S-1 type for an XRP ETF with the SEC. Equally, Canary Capital filed for an XRP ETF final yr, reflecting its broader technique to deliver a number of crypto ETFs to the market.

A push for extra crypto ETFs

With the launch of US spot Bitcoin and Ethereum ETFs, extra want to capitalize on the introduction of different crypto ETFs into the market.

Again in October, Brad Garlinghouse, Ripple’s CEO, indicated that an XRP ETF was “inevitable.” On the time, he highlighted there was elevated demand from each institutional and retail traders to achieve publicity to digital property.

Thus far, the overall web influx of Bitcoin ETFs is greater than $40 billion since their approval, in line with SoSoValue knowledge.

Final July, Cboe filed two Solana ETFs with the SEC. The deadline for the SEC to supply a call is predicted subsequent month.

Nasdaq additionally filed a 19b-4 type for a Litecoin ETF for Canary Capital in January. All of it is a broader push from a number of organizations eager to see completely different crypto ETFs in mild of a good SEC following President Donald Trump’s inauguration final month.