Bloomberg analyst James Seyffart raises approval odds to 95% for multiple altcoin ETF applications.
The U.S. SEC is expected to rule this week on Grayscale’s proposal to convert its GDLC fund into a spot ETF.
XRP, SOL, and LTC lead with 95% approval probability, while others follow at 90%.
The approval probability for spot cryptocurrency exchange-traded funds (ETFs) has surged to 95%, with Ripple (XRP), Solana (SOL), and Litecoin (LTC) at the forefront. This bullish narrative emerges as the U.S. Securities and Exchange Commission (SEC) prepares to rule on Grayscale’s proposal to convert its Digital Large Cap Fund (GDLC) into a spot ETF later this week.
Bloomberg Analyst Predicts 95% Approval Odds for XRP, SOL, and LTC
In a Tuesday post on X, Bloomberg analyst James Seyffart highlighted the dramatic increase in approval likelihood for spot crypto ETFs by 2025. XRP, SOL, and LTC top the list at 95%, followed by Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), Hedera (HBAR), and Avalanche (AVAX) at 90%.
This optimistic outlook precedes the SEC’s imminent decision on Grayscale’s GDLC conversion proposal. On Monday, the SEC confirmed Grayscale’s amended S-3 filing, with a definitive ruling expected later this week.
As shown in the chart below, Grayscale’s GDLC fund holds a diversified portfolio of five major cryptocurrencies: Bitcoin (79.90%), Ethereum (11.32%), Ripple (4.99%), Solana (3.01%), and Cardano (0.78%). The fund’s assets under management (AUM) totaled approximately $774 million as of Monday.
Nate Geraci, President of ETF Store, noted a "high likelihood" of GDLC approval this week, adding, "This could pave the way for individual spot ETFs targeting XRP, SOL, ADA, and others."
👉 Why spot crypto ETFs are gaining institutional traction
FAQ Section
Q: What factors contribute to the high approval probability for these ETFs?
A: Institutional demand, regulatory clarity, and precedent-setting approvals (e.g., Bitcoin ETFs) bolster confidence in altcoin ETF approvals.
Q: How might SEC approval impact XRP, SOL, and LTC prices?
A: Historical trends suggest ETF approvals can trigger short-term price surges due to increased liquidity and accessibility.
Q: Are there risks to these approval projections?
A: Yes. SEC skepticism, market volatility, or macroeconomic shifts could delay or reject applications.
👉 Key differences between futures and spot crypto ETFs
Disclaimer: This content reflects the author’s opinion only. Readers should consult independent financial advisors before making investment decisions. CFDs are leveraged products and may result in the loss of your entire capital. Invest cautiously.
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