Bloomberg analysts pointed out that multiple institutions have submitted applications for spot encryption ETFs for LTC, SOL, XRP, etc. It is expected that the approval probability for Litecoin, Solana, and the encryption asset basket/index ETFs is as high as 90%, 85% for XRP, and 80% for DOGE and HBAR, while DOT, AVAX, and ADA stand at 75%. The project's 19b-4 filing has been confirmed by the SEC, and the final approval time is expected to be in the second half of 2025.