Top Chances for Solana, Litecoin, and Ripple in ETF Approval, as Experts Voice Their Predictions
👋 Helloooo there! Now, let's dive right into the crypto scene - particularly altcoin ETFs.
Rumors swirl that more altcoins will soon join the ETF party, thanks to a growing optimism among analysts, like James Seyffart from Bloomberg. He reckons the Securities and Exchange Commission (SEC) will likely give the green light to most pending crypto ETFs by Q4 of 2025.
Contenders for approval include Solana, Litecoin, Ripple, Dogecoin, Cardano, Polkadot, and Avalanche, with Solana and Litecoin leading the pack with a whopping 90% chance. Not far behind are Ripple, Dogecoin, and Cardano with an 85%, 80%, and 75% chance of scaling the approval wall, respectively.
On the other hand, Sui and TRON are on a smaller scale, with a 60% and undecided chance, respectively. Seyffart's estimations are based on factors like the SEC's view on each asset, CFTC regulation, and the filing institution's strength.
One particular milestone caught our attention – BlackRock's IBIT becoming the fastest ETF in history to surpass $70 billion AUM.
But, what about memecoin ETFs? Analyst Eric Balchunas believes the memecoin sector could soon pave the way for actively managed funds. However, much depends on the SEC's decision relating to the proposed Dogecoin ETF. With the Dogecoin ETF's prospects looking strong, the crypto world eagerly awaits its verdict, hoping it could set a precedent for memecoin ETFs in the near future.
Stay tuned, as memecoin ETFs might just shake up the crypto game before we know it! 🤩🎉
🔔Interesting Stuff to Know:- There are currently no approved memecoin ETFs. However, analysts believe there is a "really good chance" that an actively managed memecoin ETF could exist in the future[6][7].- The U.S. Securities and Exchange Commission (SEC) has delayed decisions on several crypto-related ETFs, including those for Dogecoin, which could serve as a test case for memecoin ETFs[6][7].- Analysts predict that actively managed crypto ETFs might emerge by late 2025, potentially paving the way for niche products like memecoin ETFs in 2026[6][7].- The SEC's decision on a Dogecoin ETF could set a precedent for future memecoin-focused funds. If approved, it could open the door for similar products in the following years[6][7].- Memecoins might be included in ETFs if they are not subject to the 1933 Securities Act, allowing them to be part of actively managed funds[6][7].- An actively managed memecoin ETF might not hold the coins directly but could gain exposure through other instruments that comply with SEC regulations[6][7].
- The crypto scene is buzzing with the possibility of more altcoins joining the ETF party, including Solana, Litecoin, Ripple, Dogecoin, Cardano, Polkadot, and Avalanche.
- Analyst James Seyffart predicts a 90% chance for Solana and Litecoin, while Ripple, Dogecoin, and Cardano have an 85%, 80%, and 75% chance of approval, respectively.
- Sui and TRON are on a smaller scale, with a 60% and undecided chance, respectively, according to Seyffart's estimations.
- BlackRock's IBIT became the fastest ETF in history to surpass $70 billion AUM, showcasing the growing interest in crypto finance.
- Analyst Eric Balchunas suggests that the memecoin sector could soon pave the way for actively managed funds, but the SEC's decision on the proposed Dogecoin ETF could be a test case.
- The Dogecoin ETF's prospects are looking strong, potentially setting a precedent for future memecoin ETFs and shaking up the crypto game.
- If approved, the Dogecoin ETF might not hold the coins directly but could gain exposure through other instruments that comply with SEC regulations.
- Memecoins might be included in ETFs if they are not subject to the 1933 Securities Act, allowing them to be part of actively managed funds in the future.
