Key Takeaways
- Bloomberg analysts predict Litecoin ETFs have larger 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 anticipate Litecoin to guide the subsequent wave of spot crypto ETF approvals, with CoinShares and different main asset managers actively pursuing regulatory clearance for numerous digital asset funds.
NEW: @EricBalchunas and I took a take 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.
This is the desk with the chances and another particulars: pic.twitter.com/xaXaNXLb0M
— James Seyffart (@JSeyff) February 10, 2025
Nasdaq has submitted 19b-4 varieties to the SEC for 2 CoinShares merchandise: a Litecoin ETF and an XRP ETF. The European funding agency’s transfer comes because it seeks to develop its US market presence.
Bloomberg ETF analysts James Seyffart and Eric Balchunas have evaluated filings for spot crypto ETFs overlaying Litecoin, Solana, XRP, and Dogecoin.
Litecoin’s regulatory outlook seems notably favorable, because the CFTC has categorised it as a commodity in its KuCoin lawsuit, distinguishing it from property doubtlessly topic to securities rules.
The SEC and Commissioner Hester Peirce’s Crypto job power are anticipated to make clear the safety versus commodity standing of those digital property by the tip of 2025.
Market sentiment has shifted notably, with Polymarket information displaying Litecoin ETF approval odds rising from 42% in January 2025 to above 80% presently.
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