Bloomberg exchange-traded fund (ETF) analysts have tipped a 90% chance that the US securities regulator will approve a spot Litecoin ETF before the end of the year.

Bloomberg's James Seyffart and Eric Balchunas see its chances of being approved in 2025 as higher than other ETFs currently proposed

Bloomberg exchange-traded fund (ETF) analysts have tipped a 90% chance that the US securities regulator will approve a spot Litecoin ETF before the end of the year.

Bloomberg’s James Seyffart and Eric Balchunas see its chances of being approved in 2025 as higher than other ETFs currently proposed, including a spot XRP Posting on Tech, the pair said that Litecoin’s path toward SEC approval may be the most straightforward as S-1 and 19b-4 forms have already been filed and acknowledged, while the SEC also likely views it as a commodity.

The race for more crypto ETFs follows strong demand from the spot Bitcoin and Ether ETFs.

While Seyffart doesn’t think a Litecoin ETF would attract that much demand, he said it could still be worthwhile for fund companies with as little as $50 million in some cases.

“They don’t have to hit it out of the park on a flows basis to be worthwhile from an issuer perspective,” Seyffart told Cointelegraph.

The final deadline for the SEC to decide on the Litecoin, Solana, XRP and Dogecoin ETFs is between Oct. 2 and Oct. 18, Seyffart’s chart shows. A Litecoin ETF could launch before then, Seyffart said.

Seyffart and Balchunas also acknowledged that ETFs for Hedera Hashgraph, Stacks and Near Protocol are also expected to be filed by the end of January.

Expect to see more crypto ETF filings

Seyffart said more crypto ETFs could be proposed, too, predicting US-based ETF issuers to follow a “spaghetti cannon approach.”

“Issuers will try to launch many many different things and see what sticks,” Seyffart said.

Balchunas noted that the odds for all of these crypto ETFs — except Litecoin — were below 5% before US President Donald Trump won the US election on Nov. 5, 2024.

Regulatory work still needs to be done with XRP, Solana

The approval odds for a Solana ETF are currently at 30%, while XRP is at 10%, according to Seyffart and Balchunas. Seyffart said that an XRP ETF approval would hinge on the SEC’s lawsuit against Ripple.

Source: James Seyffart

Ripple scored a partial victory in August 2023, when it was ruled that XRP isn’t a security when sold on secondary markets — however, the SEC appealed this court decision, claiming that Ripple breached securities laws when it sold XRP to retail investors.

However, these actions were taken under the Gary Gensler-led SEC, and Ripple is now hoping that the new SEC leadership, currently led by acting chair Mark Uyeda, will withdraw the enforcement case.

The security status of Solana will also need to be resolved before the SEC can analyze Solana under a “commodities ETF wrapper,” Seyffart said last month.