The U.S. Securities and Exchange Commission (SEC) has acknowledged the filing of XRP ETFs, marking a significant milestone for the cryptocurrency. This development suggests that altcoins like XRP and Solana may no longer be classified as securities by the SEC, potentially leading to a reconsideration of related lawsuits and a shift in how these cryptocurrencies are treated under U.S. law. Bloomberg's senior ETF analyst believes that other altcoins like Dogecoin and Cardano may follow suit with ETF filings. While there is uncertainty about when a final decision will be made, the probability of approval for XRP ETFs stands at about 70%. Litecoin, which is seen as similar to Bitcoin and viewed as a commodity, has a 90% chance of approval for its ETF filing, with a decision expected by October. Overall, the landscape for cryptocurrency-related financial products is changing, with more filings and decisions anticipated in the future.



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