XRP, LTC, DOGE, ADA, SUI ETFs: Bloomberg experts share very optimistic forecasts

At the end of last week, Bloomberg analyst James Seyffart shared optimistic forecasts regarding the approval of altcoin ETFs this year. Beyond these figures, which suggest a 95% chance of approval, let’s also take a look at the potential of these ETFs.

Bloomberg experts make their predictions for altcoin spot ETFs

When it comes to ETFs in the United States, Bloomberg analysts Eric Balchunas and James Seyffart are considered leading experts. On this point, James Seyffert spoke on Friday on X about the various spot ETFs awaiting a verdict from the Securities and Exchange Commission (SEC), for which he is particularly confident of approval this year:

Eric Balchunas and I are raising our estimates of the likelihood of approval for the vast majority of spot crypto ETF applications to 90% or higher. We view the SEC’s commitment as a very positive sign. The timing of these approvals/launches is more uncertain. We could be talking about this in a month or two, or we could be looking at October or later. The question is when, not if.

Looking at the timeline below, we see that both experts express reservations about a possible Tron (TRX) ETF, which they do not expect before 2026. Regarding SUI, they see a 60% chance of approval, while for other assets, they are much more optimistic. For example, Cardano (ADA), Dogecoin (DOGE) and Polkadot (DOT) are expected to be approved at 90%, while Litecoin (LTC), Solana (SOL) and Ripple (XRP) are given a 95% chance:

All of these estimates have been revised upward from those shared last month. For example, LTC and SOL were estimated at 90%, XRP at 85%, and ADA and DOT at 75%.

In February, the two analysts were even less optimistic, with SOL at 70% and XRP at 65%, while the battle between Ripple and the SEC was still raging.

Proof to be provided to institutional investors

Even if all these ETFs are approved, we have seen with Ethereum (ETH), for example, that this is not necessarily a guarantee of adoption by institutional investors, although we have noted that the statistics are improving for the latter.

On the other hand, the combined market capitalization of all the assets in the table above is approximately $290 billion. To support the idea that these assets will have to prove themselves to institutional investors, ETH, the second largest market capitalization, is only slightly less capitalized than that, at $271.42 billion at the time of writing, while US spot ETH ETFs are only capitalized at $9.82 billion.

What’s more, in a context where altcoins are lagging behind, only SOL and SUI have reached an all-time high (ATH) in 2025 on this list. TRX recorded an ATH on December 4, while for all others, the record dates back to 2021, with the exception of XRP, which has never exceeded its 2018 high.