XRP News Today: Solana Leads Race for Crypto ETF Approval in 2025 With 90% Chance

Analysts have forecasted that Litecoin, Solana, and Baskets/Index funds are the leading classes of Crypto spot ETFs likely to receive approval in 2025, with a 90% likelihood according to updated predictions. Major companies such as Grayscale, Bitwise, Hashdex, Franklin, and VanEck have already submitted applications for these ETFs, which have been officially recognized by the SEC. Final decision dates for these filings are set between mid-2025 and the end of 2025.

XRP follows closely with an 85% chance of approval in 2025, while Dogecoin has an 80% probability. Other assets like Cardano, Polkadot, HBAR, and Avalanche are estimated to have a 75% chance of approval. Newer assets such as Sui have a 60% chance, and Tron’s ETF filing is not expected to be reviewed until 2026. The odds were calculated by analyzing past acknowledgments of applications by the SEC, the actual deadlines for final decisions, and the likelihood of these cryptocurrencies being considered commodities, which could facilitate the approval process.

Solana appears to be leading the race among individual cryptocurrencies for ETF approval. Analysts suggest that Solana could be the next big asset to have a spot ETF, following Bitcoin and Ethereum. Seven issuers have already submitted applications for spot Solana ETFs, and regulators could step in early on Solana and staking-based ETF filings. This development is partly due to Rex-Osprey’s recent pivot to create workarounds to legal restrictions, through which the issuer has launched staking products for Solana and Ethereum.

The pending approvals for Solana, XRP, and Litecoin ETFs indicate a growing interest in these cryptocurrencies within the investment community. The strong approval odds for XRP, currently at 85%, suggest a favorable regulatory environment for cryptocurrencies. XRP, developed by Ripple Labs, is designed for fast and cost-effective cross-border payments, making it a popular choice for financial institutions. The potential approval of an XRP ETF could further legitimize the cryptocurrency and attract more institutional investors.

Solana, known for its high-speed transactions and low fees, has garnered attention for its potential to disrupt traditional financial systems. Litecoin, often referred to as the "silver to Bitcoin's gold," offers faster transaction times and lower costs compared to Bitcoin, making it an attractive option for investors seeking a more efficient cryptocurrency. The potential approval of these ETFs could significantly impact the altcoin market, providing investors with more accessible and regulated avenues to gain exposure to these digital assets.

The growing acceptance of altcoins within the financial industry is highlighted by the pending approvals for Solana, Litecoin, and XRP ETFs. As the regulatory landscape continues to evolve, investors are increasingly looking to diversify their portfolios with digital assets that offer unique advantages over traditional investments. The potential approval of these ETFs could mark a significant milestone in the mainstream adoption of altcoins, providing investors with more options and greater flexibility in their investment strategies.