House » Markets » DOGE, SOL, XRP ETFs jog leisurely LTC in approval odds: Bloomberg analysts
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Feb. 10, 2025
Litecoin’s regulatory edge boosts its prospects amid crypto classification debates within the US.
Key Takeaways
- Bloomberg analysts predict Litecoin ETFs contain increased approval odds than DOGE, SOL, and XRP.
- Litecoin’s classification as a commodity by the CFTC bolsters its ETF approval prospects.
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Bloomberg analysts save a query to Litecoin to manual the next wave of jam crypto ETF approvals, with CoinShares and hundreds of foremost asset managers actively pursuing regulatory clearance for more than a few digital asset funds.
NEW: @EricBalchunas and I took a ogle at the filings for jam crypto ETFs. We’re inserting out rather high odds of approval all over the board. Primarily centered on Litecoin, Solana, XRP, and Dogecoin for now.
Here’s the table with the percentages and a few hundreds of cramped print: pic.twitter.com/xaXaNXLb0M
— James Seyffart (@JSeyff) February 10, 2025
Nasdaq has submitted 19b-4 kinds to the SEC for two CoinShares merchandise: a Litecoin ETF and an XRP ETF. The European investment company’s transfer comes because it seeks to amplify its US market presence.
Bloomberg ETF analysts James Seyffart and Eric Balchunas contain evaluated filings for jam crypto ETFs masking Litecoin, Solana, XRP, and Dogecoin.
Litecoin’s regulatory outlook appears to be like particularly favorable, as the CFTC has classified it as a commodity in its KuCoin lawsuit, distinguishing it from resources doubtlessly topic to securities laws.
The SEC and Commissioner Hester Peirce’s Crypto job drive are anticipated to account for the safety versus commodity jam of these digital resources by the tip of 2025.
Market sentiment has shifted significantly, with Polymarket data showing Litecoin ETF approval odds rising from 42% in January 2025 to above 80% currently.
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