According to PANews on February 14, Bloomberg ETF analyst Eric Balchunas said that the progress of multiple cryptocurrency ETF applications on the market is mixed, describing it as "most ETFs are still running towards first base, while Litecoin (LTC) ETF is close to third base."

The comment was made in response to a user’s question about the timeline for crypto ETF approval, indicating that the LTC ETF may be the fastest among the many applications, while other ETFs (such as XRP, SOL, DOGE, etc.) are still in the early stages of review.

As reported earlier this week, analysts predicted the probability of approval of LTC , DOGE, SOL, and XRP spot ETFs, with LTC having the highest probability of approval at 90% .