Bloomberg Analyst Predicts Probability of Meme Coin ETF Approval: LTC at 90%, SOL at 70%, XRP at 65%

BlockBeats News, March 13th, the U.S. Securities and Exchange Commission (SEC) has delayed a decision on whether to approve applications for exchange-traded funds (ETFs) supported by several altcoins (including XRP, Solana, Litecoin, and Dogecoin), as well as a new Ethereum ETF proposal that allows the issuer to stake its held assets and distribute a portion of the gains to investors.

Bloomberg ETF analysts James Seyffart and Eric Balchunas provided predictions on the approval of altcoin ETFs: a 90% likelihood for a Litecoin ETF approval, 70% for a Solana ETF, 75% for a Dogecoin ETF, and 65% for an XRP ETF. (Bitcoinist)