Summary
- The approval probability for Litecoin's spot ETF is stated to be 90%, the highest among the group.
- Bloomberg analysts mentioned the anticipation for new altcoin ETF launches following the resignation of the former SEC Chairman.
- The approval probabilities for Dogecoin, Solana, and Ripple ETFs are also reported to be relatively high.
With the resignation of former SEC Chairman Gary Gensler on the 20th, the market is buzzing with anticipation for the launch of new altcoin spot ETFs. In fact, several altcoin spot ETFs, including Litecoin (LTC) and Ripple (XRP), have already been filed.
On the 10th (local time), Bloomberg ETF analyst James Seyffart mentioned on X (Twitter) that he and fellow ETF analyst Eric Balchunas are reviewing newly filed crypto spot ETFs and believe that the likelihood of approval is high.
In their assessment of the approval probabilities for each crypto spot ETF, Litecoin topped the list with a 90% chance. It was followed by Dogecoin (75%), Solana (70%), and Ripple (65%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
