Bloomberg Senior ETF Analyst: The probability of ETF approval for Litecoin, Solana, and XRP has reached 100%

ChainCatcher news, according to The Block, Bloomberg's senior ETF analyst Eric Balchunas recently stated that the approval probability for ETFs of Litecoin, Solana, and XRP has reached 100%. This judgment is based on the SEC's latest approval of the general listing standards, which render the previous 19b-4 application process ineffective and significantly simplify the approval process.

Under the new regulations, the approval time can be reduced from 240 days to 75 days. Analysts expect that more than 100 cryptocurrency ETFs may be launched within the next 12 months. Currently, several exchanges have withdrawn their previously submitted 19b-4 application documents, and the launch of new products "could happen at any time."