Solana, XRP and Litecoin ETFs Hit 100% Approval Odds, Says Bloomberg Analyst

Original SEC deadlines had set Oct. 2 for LTC decisions, Oct. 10 for Solana rulings, and Oct. 17 for XRP determinations

Multiple spot crypto ETF approvals have become a certainty rather than a probability, according to Bloomberg’s Eric Balchunas. The senior analyst says recent regulatory changes by the SEC have eliminated previous approval timelines and made new fund launches inevitable.

The agency’s adoption of generic listing standards removed the significance of 19b-4 filings and their associated review deadlines. Balchunas explained that only S-1 registration statements now require a sign-off from the SEC’s Division of Corporation Finance before products can debut.

Original SEC deadlines had set Oct. 2 for LTC decisions, Oct. 10 for Solana rulings, and Oct. 17 for XRP determinations. Those dates no longer carry weight under the new framework, giving regulators flexibility to act on any schedule.

The SEC fast-tracked its generic ETF standards earlier this month, invoking “good cause” to accelerate implementation. Review periods that previously stretched up to 240 days can now conclude in as few as 75 days under the streamlined process.

Historical precedent suggests significant market expansion ahead. “The last time they implemented generic listings standards for ETFs, launches tripled,” Balchunas noted, projecting over 100 crypto funds could debut within 12 months. Chairman Paul Atkins has signaled a more accommodating regulatory stance toward digital assets since assuming leadership in April.

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