Potential Exchange-Traded Funds (ETFs) based on cryptocurrencies like XRP, DOGE, LTC, and SOL could be debuting this summer, according to a knowledgeable analyst.
Unleashing the Crypto Summer: What's Brewing for Bitcoin, Litecoin, Ripple, Solana, and Dogecoin ETFs
The arrival of spot Bitcoin ETFs and Ethereum counterparts in the US last year has ignited a storm, and Trump's crypto-friendly stance further fueled the optimism for a plethora of altcoins. As of now, the Securities and Exchange Commission (SEC) has over 70 ETF applications on its plate.
During the Token2019 conference in Dubai, acclaimed ETF expert, Eric Balchunas (Bloomberg) suggested that a significant number of these applications might get the nod this summer, potentially making the upcoming months the crypto ETF season.
A post, shared by Balchunas and reposted by James Seyffart, hinted at a potential greenlight for products tracking the performance of Litecoin (LTC), Ripple (XRP), Solana (SOL), and Dogecoin (DOGE).
The Polymarket, a platform known for predicting future events accurately, indicated a 79% chance for an XRP ETF to launch by the end of the year. This probability falls to 42%, however, if the deadline is set for July 31.
Ripple leads the pack with the majority of ETF applications. Though it has garnered some approvals, they are all futures-based, not spot. Here's the latest scoop on the Ripple ETF front.
The odds for DOGE ETF approval stand at 68% by December 31 and under 25% for July 31. For Solana, the percentages are 78% by the end of the year and 30% by July 31. Litecoin's ETF odds are remarkably similar to those of Solana - 78% and 24%, respectively.
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Background:Given the current stance and projections, here's a brief overview of the anticipated status for Bitcoin, Litecoin, Ripple (XRP), Solana, and Dogecoin ETFs as of July 31 and December 31, 2022:
- Bitcoin ETFs: At that time, no Bitcoin spot ETFs had been approved due to regulatory hurdles.
- LTC, XRP, SOL, and DOGE ETFs: As of the end of 2022, no approvals for these altcoin ETFs were granted due to a cautious regulatory approach.
Embrace the crypto summer with an anticipation of potential approvals for crypto ETFs in the coming months. Stay tuned for updates on your favorite coins!
- The arrival of spot Bitcoin ETFs and Ethereum counterparts in the US last year sparked a surge of optimism, with Trump's crypto-friendly stance further fueling the chances for numerous altcoins.
- As of now, the Securities and Exchange Commission (SEC) has over 70 ETF applications under consideration, with potential launches this summer potentially making the upcoming months the crypto ETF season.
- A post shared by ETF expert Eric Balchunas hinted at a potential greenlight for products tracking the performance of Litecoin (LTC), Ripple (XRP), Solana (SOL), and Dogecoin (DOGE).
- The Polymarket, a platform known for predicting future events accurately, indicated a 79% chance for an XRP ETF to launch by the end of the year, with the odds falling to 42% if the deadline is set for July 31.
- For Dogecoin, the odds for ETF approval stand at 68% by December 31 and under 25% for July 31, while for Solana, the percentages are 78% by the end of the year and 30% by July 31. Litecoin's ETF odds are remarkably similar to those of Solana.
- Despite garnering some approvals, Ripple's ETF applications are all futures-based, not spot, as of the latest scoop on the Ripple ETF front.
- As of July 31 and December 31, 2022, no Bitcoin spot ETFs had been approved due to regulatory hurdles, and no approvals for Litecoin, XRP, Solana, or Dogecoin ETFs were granted due to a cautious regulatory approach.
