Prices for Litcoin, Dogcoin, Solana, and XRP are in green, when analysts James Safart and Eric Balchunus released their ETF approval obstacles. LiteCoin, which was given 90% chance of SEC approval, leads the benefit with 12% increase, ETF reflects its highest opportunity for approval.
Analysts James Safart and Eric Balchunas have recently done Issued Their ranking on the possibility of several Altcoin exchange-traded funds receiving approval from the US Securities and Exchange Commission. After this development, Litcoin (LTC), in place as the top contender for SEC approval, saw the biggest bounce, increased by 12% in the last 24 hours, according to Crypto.news. Dogcoin (Dogi), with the second largest obstacles, obtained 5.7%, while Solan (Sol) and Ripple (XRP), which received low approval possibilities, climbed 0.3%and 2.7%respectively.
Seyffart and Balchunas ETF approval behind obstacles
Balchunas as noted Earlier, Litcoin topped the list with 90% opportunity due to its position in the form of bitcoin forks, which SEC sees as an object. Given the similarity of Litcoin for bitcoin, analysts believe that it can be classified under the same regulatory framework, its obstacles for ETF approval can be improved.
Opportunities (75%) of dogcoin, however, have surprised many. Despite being a meme coin, Safart and Balchunas have given it a high chance of approval than both Solana and XRP. Saffert Explained This is due to the developed stance of SEC on crypto property under Hester Peerus’ new Crypto Task Force.
PEIRCE’s Task Force focuses on clarifying the classification of crypto assets – whether they should be considered as securities or objects. Safart note that by the end of 2025, SEC is expected to address some legal questions going on around the regulatory treatment of cryptocurrency, through this task force. He wrote, “SEC and Commissioner Peerus’s Crypto Task Force will uncontrollable some security vs. commodity implications from cases by the end of 2025,” he wrote.
If the SEC decides that some crypto property, such as dogcoin, should be classified as objects (instead of securities), the regulator burden on them will be lightened. This innings can transfer its inspection from SEC to Commodity Futures Trading Commission (CFTC), which is usually seen as more generous in the regulation of objects. Because Dogecoin is likely to be under this commodity classification, its possibilities of approval are strong.
However, Solana currently does not benefit from the same regulatory treatment as bitcoin or dogcoin, which means that it can withstand more obstacles in obtaining approval for ETFs (70% of approval).
Ripple’s position is even more controversial as it is still entangled in a legal battle with SEC, weakening opportunities for an XRP ETF (65% of approval). The result of the case may affect the classification of XRP and its eligibility for ETFs.
