Bloomberg ETF analysts Eric Balchunas and James Seyffart have compiled a list of crypto ETF applications that they believe will have shot at being approved by the U.S. Securities and Exchanges Commission (SEC) this year, and assigned a probability of approval to each filing. At the top of that list is the Litecoin ETF application which Balchunas and Seyffart think has a 90% chance of approval. Dogecoin comes in at second place with a 75% probability of being given a thumbs-up, while Solana and XRP filings have a 70% and a 65% chance respectively. Litecoin and Dogecoin are already classified as commodities, which explains why the analysts assigned their applications higher probabilities. The XRP submission, much to the chagrin of its outspoken fanbase, has the lowest odds of getting the green light because of ongoing legal issues. “It’s our view that until that whole mess of litigation between Ripple, XRP and the SEC is settled and/or finished or has some sort of expected outcome, you likely won’t see an ETF,” Seyffart said. “The SEC needs to untangle that mess.”
Source: Bitcoin
