ETFs Backed by XRP, DOGE, LTC, and SOL potentially hitting the market by summer, according to this expert's prediction.
The Lowdown on Crypto ETFs: A Summer Flare-Up?
Things are heating up in the world of cryptocurrencies as experts predict a potential boost this summer. Bloomberg's Eric Balchunas, a renowned ETF guru, dropped a bomb at the Token2019 conference in Dubai, hinting at a possible influx of crypto ETFs on the horizon.
Sharing the post, Balchunas suggested that ETFs for Litecoin (LTC), XRP, Solana (SOL), and Dogecoin (DOGE) could be seeing the light of day soon. This summer, according to the post, could very well be the sizzling season for crypto ETFs.
The odds are looking good, and the predictions on the platform Polymarket, known for its accuracy, suggest an 79% chance of an XRP ETF making it to the market by the end of the year. However, this number drops significantly to 42% when the deadline is set for July 31.
Battering the Boards
Ripple takes the lead with the most ETF applications so far. Although a few Ripple-related ETFs have already received the green light, they are all futures-based and not spot. Here's the latest scoop on Ripple's ETF endeavors:
The odds for a DOGE ETF approval by December 31 are at 68%, while under 25% chance is attributed to July 31. For Solana, the percentages are 78% by the end of the year and 30% by July 31. Litecoin's chances are quite similar to those of SOL - 78% and 24%, respectively.
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- [1] Crypto Top Contenders for ETF Approval in 2025
- [2] Summer Crypto ETF Approval? Not So Fast
- [3] Experts Predict Bitcoin ETF Approval? Not Necessarily
Enrichment Data:- Overall:Eric Balchunas' predictions do not specifically focus on Bitcoin ETFs for Litecoin (LTC), XRP, Solana (SOL), or Dogecoin (DOGE); rather, he discusses spot cryptocurrency ETFs generally, including these assets. There is a high likelihood of ETF approvals for various cryptocurrencies in 2025, but specific timing is uncertain.
- Key Points:
- Approval Odds: Bloomberg Intelligence analysts suggest high approval odds for ETFs in 2025, with notable mentions for Solana, Litecoin, and XRP being among the top contenders for approval[1]. Dogecoin has an 80% chance of approval[2].
- Summer Approval: While there is optimism about approvals happening in 2025, the first approvals are expected towards the last quarter of the year, not specifically this summer[2].
- Bitcoin ETFs: The query mentions "Bitcoin ETFs," but the context from Eric Balchunas seems to refer to a broader set of cryptocurrency ETFs, not just Bitcoin. Bitcoin ETF approvals have historically been challenging, and the latest trends discuss other cryptocurrencies as well.
In conclusion, while there is a positive outlook for cryptocurrency ETF approvals in 2025, the specific approval of LTC, XRP, SOL, or DOGE ETFs this summer is not detailed in Eric Balchunas' predictions. His comments emphasize a broader expectation of increased ETF approvals in the latter part of the year.
- The crypto sphere is abuzz with the prospects of a potential surge in the next few months, as per predictions made by Eric Balchunas at Token2019.
- Balchunas' comments hint towards the possible arrival of ETFs for Litecoin, XRP, Solana, and Dogecoin.
- In Polymarket's predictions, there's a 79% chance of an XRP ETF being launched by year-end, although the July 31 deadline drops to a 42% likelihood.
- At present, Ripple leads the race with the most applications for ETF approvals, although the successful ones are yet to be futures-based rather than spot.
- The odds stand at 68% for a Dogecoin ETF approval by December 31, but the possibility dwindles to under 25% for July 31.
- For Solana and Litecoin, the chances are 78% and 78%, respectively, for approval by the end of the year, while the odds drop to 30% and 24%, respectively, for July 31.
- However, despite optimistic predictions for ETF approvals in 2025, the likelihood of LTC, XRP, SOL, or DOGE ETFs being approved this summer is not specified in Eric Balchunas' predictions. Instead, the emphasis is on a broader expectation of increased ETF approvals in the latter part of the year.
