"Altcoin ETFs, SEC Delayed Approval but Possibility Still Remains"

Uk Jin

Summary

Despite the SEC delaying approval decisions for altcoin spot ETFs, forecasts suggest approval possibilities remain high.
Bloomberg's James Seyffart stated that the SEC's decision delay is standard procedure and they won't change their approval probability estimates.
The ETF approval probabilities for Litecoin, Dogecoin, Solana, and XRP were assessed at 90%, 75%, 70%, and 65% respectively.

Despite the Securities and Exchange Commission (SEC) delaying decisions on multiple spot altcoin Exchange-Traded Funds (ETFs), forecasts suggest that the approval possibility for these altcoin spot ETFs remains high.

On the 11th (local time), Bloomberg ETF analyst James Seyffart stated through X (Twitter), "The SEC has delayed decisions on altcoin ETFs, but this is standard procedure," adding, "We do not plan to change our approval probability estimates."

Previously in February, ETF analysts James Seyffart and Eric Balchunas announced approval probabilities for altcoin ETFs. At that time, Litecoin (LTC) recorded the highest approval probability at 90%, followed by Dogecoin (75%), Solana (70%), and XRP (65%).