Bloomberg analyst predicts the chances of Shanzhai coin ETF approval: LTC at 90%, SOL at 70%, XRP at 65%
According to Bitcoinist, the U.S. SEC has postponed its decision on whether to approve applications for exchange-traded open-end index funds (ETFs) supported by several altcoins (including XRP, Solana, Litecoin and Dogecoin), as well as a new Ethereum ETF proposal that allows issuers to pledge their assets and distribute part of the profits to investors.
Bloomberg ETF analysts James Seyffart and Eric Balchunas gave predictions for the approval of altcoin ETFs: The likelihood of a Litecoin ETF being approved is 90%, Solana ETF is 70%, Dogecoin ETF is 75%, and XRP ETF is 65%.
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