Analyst Armando Pantoja predicts an 81% chance of XRP ETF approval within the next year, arguing that it would not only drive institutional demand but also validate that XRP is not an illegal security.

It is the lowest prediction of the four filings reviewed by the Bloomberg ETF analysts. Litecoin (LTC) led with approval odds of 90%, followed by Dogecoin (DOGE) at 75%, and in third place, Solana (SOL) at 70%.

In a recent update CNF covered, the Cboe BZX Exchange submitted 19b-4 filings to the SEC to list Bitwise’s proposed XRP ETF. As James pointed out, the SEC has acknowledged Cboe’s filing and kicked off the Bitwise ETF decision process.

The agency said in a filing Thursday that it was acknowledging an application to list an exchange-traded fund tracking the token.

Ripple (XRP) is trading at $2.45. The cryptocurrency community is on hype with anticipation as XRP stands on edge of developments. The potential approval of XRP-focused exchange-traded funds (ETFs) and a favorable resolution to the ongoing SEC lawsuit could serve as substantial catalysts for price appreciation.