- Approval prospects for spot altcoin ETFs—led by XRP, Solana, and Litecoin—have surged, with Bloomberg analysts now assigning a 95% likelihood of approval as the SEC advances reviews of key applications.
- The SEC’s recent green light for the Nasdaq Crypto US Settlement Price Index and rising institutional interest suggest altcoin ETFs could receive final approvals within months, reshaping the digital asset investment landscape.
The path to launching spot altcoin ETFs is clearing rapidly, with approval chances for key tokens like XRP, Solana (SOL), and Litecoin (LTC) now seen at 95%, according to the latest forecasts from Bloomberg analysts James Seyffart and Eric Balchunas.
Recent developments suggest that the U.S. Securities and Exchange Commission (SEC) is poised to approve multiple altcoin ETFs as early as this year. The regulatory body’s intensified discussions with issuers and acceptance of revised S-1 and 19b-4 filings mark significant progress in the approval process.
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Notably, the XRP ETF application—backed by Franklin Templeton, Grayscale, and Bitwise—has been officially received by the SEC, with a final decision expected by October 17. Similarly, Solana’s ETF application is under active review, with an October 10 deadline in sight. Bettors at Polymarket currently assign a 98% probability of approval for XRP, 91% for Solana, and 71% for Dogecoin (DOGE), reflecting growing investor optimism.
In a further vote of confidence, the SEC has approved the Nasdaq Crypto US Settlement Price Index, incorporating XRP, SOL, ADA, and XLM. This index inclusion is seen as a key step toward legitimizing altcoins within regulated financial markets and bolstering ETF approval prospects.
Industry experts anticipate that a broad range of altcoins will soon follow suit. Analysts now estimate a 90% approval probability for Cardano (ADA), Polkadot (DOT), Avalanche (AVAX), Dogecoin, and HBAR. However, SUI lags with just a 60% chance, largely due to the lack of a developed futures market and lingering regulatory uncertainties.
ETF veteran Nate Geraci predicts that 2025 will be a breakout year for crypto ETFs, with more advanced offerings likely to include staking options and in-kind redemptions. Major players such as BlackRock are also expected to enter the space, signaling that institutional interest is on the rise.
With the SEC’s active engagement, ETF filings advancing swiftly, and positive industry sentiment building, XRP, Solana, and Litecoin appear well positioned to lead the next wave of crypto ETF approvals—potentially transforming the landscape of digital asset investing in the coming months.