Support for altcoin ETFs: Bloomberg forecast.

Key takeaways The likelihood of altcoin ETF approval is rising: the Litecoin ETF has a 90% probability of approval, followed by Dogecoin, Solana and XRP ETFs.

The SEC's stance on altcoin ETFs has changed since President Trump took office, signaling regulatory clarity and institutional investors. The SEC's approval of altcoin ETFs is gaining momentum as it considers applications for #XRP , #Solana , Dogecoin and #Litecoin , reflecting a shift in regulatory policy in the U. S. XRP, As part of the 19b-4 process, a string of altcoin #ETF filings have been made with the SEC, including applications for Solana, Dogecoin and Litecoin. Notably, this is the first time that the SEC has officially approved new ETF filings for Solana and Litecoin, indicating a more favorable attitude toward cryptocurrency ETFs, according to Bloomberg analysts James Seyfarth and Eric Bartunas, the chances of these altcoin ETFs being approved are the highest in history. They estimate this probability as follows: prior to the U. S. presidential election in 2024, the probability of approval for these ETFs was less than 5%. However, after the Trump administration became supportive of cryptocurrency policy, the regulators' sentiment changed dramatically. Balchunas comments: before Trump's election, the probability of approval of altcoin ETFs (excluding Litecoin) was less than 5%. Now this potential has increased dramatically and may continue to grow as applications are submitted. This change represents a departure from the heavy-handed approach of former SEC Chairman Gary Gensler, who often delayed or rejected applications for altcoin ETFs, especially Solana ETFs. The new administration's stance has sparked optimism among institutional investors. Of the altcoin ETFs under consideration, the Litecoin ETF (LTC) leads the way with a good track record of regulatory compliance and a 90% probability of approval; Canary Capital and Grayscale have applied, with the latter having already been approved by the SEC in the past,

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