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Bloomberg Analyst Announces: Today Will Be Critical in Deep-Rooted Altcoin! "SEC Decision Awaited!"
By: bitcoin sistemi|2025/05/05 16:30:02
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Following the approval of Bitcoin and Ethereum ETFs from the SEC in 2024, ETF applications have come for many altcoins such as XRP, Litecoin (LTC) and Solana (SOL).While the chances of these altcoin ETFs being approved in 2025 are seen as quite high, Bloomberg ETF analysts determined the chances of approval as 90 percent for LTC and SOL; 85 percent for XRP; 80 percent for Dogecoin (DOGE) and Hedera (HBAR) ETF; 75 percent for Cardano (ADA), Polkadot (DOT) and Avalanche (AVAX).Related News: Bloomberg Shares Latest Forecasts on Altcoin ETFs: Chances of Approval Have Changed! - Solana and This Altcoin Are Ahead! What's the Latest on XRP, DOGE and AVAX?As expectations remain high, Bloomberg ETF analyst James Seyffart noted that the SEC is expected to make a decision on Canary Capital’s Litecoin ETF application by May 5.While the SEC has previously postponed several filings, Canary Capital’s LTC filing was not included in the postponement decisions.At this point, Seyffart predicts that there may be a chance for the Litecoin spot ETF to receive early approval, but it is likely that the SEC will choose to delay the final decision rather than approve or deny it outright.So Seyffart said he personally expects a delay.“The Canary Funds Litecoin ETF application is expected to be decided by Monday, May 5th.The SEC has been early in other ETF filings, delaying a handful of others.But it did not delay it. This increases the chances of the LTC ETF getting approval at an early date. Because if any asset has a chance of getting approval early, it is Litecoin.Personally, I think a postponement is more likely, but it's definitely something to keep an eye on.”Litecoin (LTC) continues to trade at $87.9 at the time of writing.*This is not investment advice. Continue Reading: Bloomberg Analyst Announces: Today Will Be Critical in Deep-Rooted Altcoin! "SEC Decision Awaited!"
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