Eric Balchunas, Senior ETF analyst at Bloomberg, outlined Litecoin and Dogecoin as next for ETF approval with their probability percentages.
Litecoin and Dogecoin topped the list with a 90% and 75% chance of approval in 2025, with Solana and XRP trailing both assets with 70% and 65% odds of acceptance, respectively.
Since Bitcoin and Ethereum ETF launched in January and July last year, analysts like Eric Balchunas and James Seyfartt have tried to predict the next crypto asset to join Bitcoin and Ethereum in owning an Exchange Traded Fund Product.
Speculations were heavy on Solana due to its growing use case. Then, the momentum shifted to XRP due to the lobbying by the XRP team and its connections in the traditional finance sector.
Eric Balchunas’s study has proven these speculations inaccurate, as the crypto community did not mention the two leading crypto assets for ETF approval.
The Trump Factor
Bloomberg ETF Analyst James Seyffart reacted to the list by his colleague highlighting various factors.
The Analyst noted that the conversation for more ETF products would not have happened in the first place if the Democrats were still in power.
He also noted that the SEC & Commissioner Peirce’s Crypto task force would untangle some security vs. commodity implications from lawsuits by the end of 2025.
Commissioner Hester Peirce, also known as “Crypto Mom,” was named the SEC Crypto Task Force leader alongside Acting Chairman Mark Uyeda by the Trump administration.
The new SEC administration is filled with pro-crypto individuals, which will likely be reflected in the policies coming out of the Commission going forward.
What is Delaying XRP ETF?
The launch of an XRP Exchange-Traded Fund (ETF) faces delays primarily due to ongoing regulatory challenges. The U.S. Securities and Exchange Commission (SEC) has yet to approve an XRP ETF, largely because of the unresolved legal status of XRP.
The SEC’s litigation against Ripple Labs, initiated in December 2020, alleges that XRP was sold as an unregistered security. This legal uncertainty has made the SEC cautious about approving ETFs associated with XRP.
In contrast, cryptocurrencies like Litecoin (LTC) have a clearer regulatory standing, classified as commodities by the Commodity Futures Trading Commission (CFTC). This distinction has led analysts to predict that ETFs for such assets may receive approval sooner than those for XRP.
