Bloomberg analysts predict that the probability of approval of the altcoin ETF is 90%, 70% for SOL, and 65% for XRP
Online reports, Bitcoinist reported that the U.S. SEC has postponed its decision on whether to approve applications for trading open-ended index funds (ETFs) backed by several altcoins, including XRP, Solana, Litecoin and Dogecoin, as well as a new Ethereum ETF proposal that would allow issuers to pledge assets they hold and distribute some of the proceeds to investors. Bloomberg ETF analysts James Seyffart and Eric Balchunas gave forecasts for approval of the altcoin ETF: 90% chance of approval for the Litecoin ETF, 70% for the Solana ETF, 75% for the Dogecoin ETF, and 65% for the XRP ETF.
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