XRP News Today: Altcoin ETF Approval Odds Surge to 95% for Solana, Litecoin, XRP, Dogecoin

Analysts are increasingly optimistic about the prospects of altcoin exchange-traded funds (ETFs), with a growing consensus that approvals could be imminent. Recent updates from ETF analysts indicate a significant rise in the likelihood of approval for several altcoin ETF proposals currently under review by the regulatory body. This optimism is fueled by heightened engagement between issuers and regulators, suggesting that the second half of the year could witness a surge in approvals.

Leading the charge are Solana (SOL), Litecoin (LTC), and XRP (XRP), each now assigned a 95% chance of approval. This represents an increase from previous estimates of 90% for SOL and LTC, and 85% for XRP. The odds for Dogecoin (DOGE) have also jumped from 80% to 95%, reflecting positive interactions between issuers like Bitwise and the regulatory body. This positive momentum is expected to drive substantial interest and investment in these altcoins.

Other altcoins, including Cardano (ADA), Polkadot (DOT), Avalanche (AVAX), and Hedera (HBAR), have seen their approval odds rise to 90%, up from earlier estimates ranging from 75% to 80%. Despite recent regulatory delays, these tokens are gaining traction, bolstered by their classification as commodities and the presence of CFTC-regulated futures. The backing from major issuers further enhances their approval prospects.

SUI’s (SUI) approval odds remain at 60%, hindered by regulatory uncertainties and the lack of CFTC-regulated futures. Tron (TRX) has seen a notable increase to 50% from its previous "not applicable" status, although its review is not anticipated until 2026. A new entrant, PENGU (PENGU), has made its debut with a 50% approval estimate following a recent filing. The proposal seeks regulatory approval for a Canary PENGU ETF, which would hold both the PENGU token and Pudgy Penguins NFTs, potentially marking the first ETF to combine a memecoin and an NFT collection. This development aligns with analyst expectations of a potential memecoin-focused ETF era in 2026.

The regulatory body has acknowledged most of the altcoin-based ETF filings, with final decisions expected by late 2025. The factors contributing to the increased approval odds include the classification of many top contenders as commodities, the presence of CFTC-regulated futures, and strong backing from major issuers. These elements have historically boosted the likelihood of ETF approvals, further fueling the optimism surrounding the altcoin ETF market.