Analysts at Bloomberg looked at ETFs focused on Litecoin, Solana, XRP and Dogecoin. They believe that Dogecoin ETF has a 75% chance of Solana 70% in 2025 and a 65% XRP 65% NASDAQ filed on two ETF 19B-4 forms. For coin-sharing with the SEC, seek approval for Litecoin and XRP ETF.
Bloomberg ETF analysts James Seifert and Eric Balknath believe there is a 90% chance that the Litecoin ETF will be approved in 2025.
For X, Seyffart said: We have a relatively high acceptance potential across the board. It focuses primarily on Litecoin, Solana, XRP, and Dogecoin. ”
In the table, Seyffart states that there is a 75% chance of approval for a Dogecoin ETF, a 70% chance of approval for a Solana ETF, and an XRP ETF approval rate.
New: @ericbalchunas and I looked at the application for the Spot Crypto ETFS. We have a relatively high acceptance potential across the board. It focuses primarily on Litecoin, Solana, XRP, and Dogecoin.
Here’s the table with odds and other details: pic.twitter.com/xaxanxlb0m
– James Seyfert (@jseyff) February 10, 2025
Seyffart added that it is unlikely that the market will see the XRP ETF until the entire Ripple/XRP/SEC case is resolved, terminated or some kind of result is obtained.
“The SEC needs to unravel that confusion,” he said.
NASDAQ File ETF Form
This news arises as NASDAQ filed two 19B-4 forms with the U.S. Securities and Exchange Commission (SEC) on behalf of the coin share of Litecoin and XRP Exchange-Traded Funds (ETFs).
NASDAQ is seeking approval to list and trade CoinShare Litecoin ETFs and XRP ETFs following the filing of the CoinShare S-1 filing in January. The Crypto ETF has been gaining popularity since the US Bitcoin ETFS spot launched last January.
Coinshares hopes to take advantage of this by expanding its presence to the US market.
The news follows that of the Chicago Board Options Exchange (CBOE), which submitted four 19B-4 forms to the SEC last week. On behalf of 21 shares, Bitwise, Canary Capital, and WisdomTree, CBOE has submitted the form for the XRP ETF.
In October, Bitwise submitted the S-1 form of the XRP ETF to the SEC. Similarly, Canary Capital applied for the XRP ETF last year, reflecting its broader strategy to bring multiple crypto ETFs to the market.
Push more crypto ETFs
With the launch of US Spot Bitcoin and Ethereum ETFs, they are looking to take advantage of the adoption of other Crypto ETFs in the market.
In October, Ripple CEO Brad Garlinghouse showed that XRP ETFs were “inevitable.” At the time, he highlighted the growing demand for digital assets from both institutional and retail investors.
So far, total net inflows of Bitcoin ETFs have exceeded $40 billion since approval, according to SoSovalue data.
Last July, Cboe submitted two Solana ETFs to the SEC. The deadline for the SEC to provide a decision is expected next month.
NASDAQ also filed the 19B-4 form in January with the Canary Capital Litecoin ETF. All of these are broader pushes from several organizations eager to see different crypto ETFs in light of the SEC, which has been favored following the inauguration of President Donald Trump last month.
