Editor's PiCK
"Probability of ETF Approval by Year-End Highest for Litecoin, Solana, and XRP... Tron, Pudgy Penguins at 50%"
Uk Jin
Summary
- James Seyffart, a Bloomberg ETF analyst, stated that the probability of spot ETF approval for Litecoin (LTC), Solana (SOL), and XRP (XRP) by year-end is 95%.
- He mentioned that other altcoins such as Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), Hedera (HBAR), and Avalanche (AVAX) have a probability of 90%.
- He added that the approval probability for spot ETFs for Tron (TRX) and Pudgy Penguins (PENGU) is only 50%.
It is projected that multiple altcoin spot Exchange Traded Funds (ETFs) will be approved within the year.
On the 1st (Korea time), James Seyffart, a Bloomberg ETF analyst, posted the 'Latest Version of the Spot Virtual Asset (Cryptocurrency) ETF Approval Probabilities' on X (formerly Twitter).
According to the post, the altcoins with the highest approval probabilities at present are Litecoin (LTC), Solana (SOL), and XRP (XRP). The spot ETF approval probability for these altcoins is 95%.
Following these, Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), Hedera (HBAR), and Avalanche (AVAX) have a 90% approval probability.
Additionally, Sui (SUI) stands at 60%, while Tron (TRX) and Pudgy Penguins (PENGU) are at 50%.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
![Trump ally Myron, a Fed governor, resigns White House post…pushing for rate cuts until Warsh arrives? [Fed Watch]](https://media.bloomingbit.io/PROD/news/75fa6df8-a2d5-495e-aa9d-0a367358164c.webp?w=250)
