XRP News Today: Altcoin ETF Approval Hopes Surge 90% for Solana Litecoin

Markets began June with a surge of optimism surrounding altcoin ETFs, particularly for Solana, Litecoin, and XRP. According to an analysis by an ETF analyst, there is a 90% chance for Solana and Litecoin to receive spot ETF approval, with XRP following closely at 85%. Dogecoin stands at 80%, while Cardano, Polkadot, HBAR, and Avalanche trail slightly behind with a 75% likelihood. Ethereum has shown dominance in the derivatives market, surpassing Bitcoin in contract volume and liquidations. However, market sentiment remains cautious as investors await the U.S. CPI data, which could disrupt the ongoing ETF-driven momentum.

The market mood has been described as an incoming “Altcoin ETF Summer.” Solana and Litecoin are at the top of the ETF approval ladder with a 90% probability each. XRP follows at 85%, while Dogecoin holds a strong 80% possibility. Other altcoins like Cardano, Polkadot, HBAR, and Avalanche also show promising signs with 75% approval odds. Newer assets such as Sui remain less likely, at only 60%. The ETF liquidity landscape is expanding rapidly as investor appetite grows, pointing to faster institutional entry into altcoin exposure through regulated products like spot ETFs.

Ethereum dominated the derivatives trading space in the past 24 hours, with ETH contract volume touching $111 billion, surpassing Bitcoin’s $87.5 billion volume. Ethereum also led in liquidation activity, with $131 million compared to Bitcoin’s $62 million. This surge underscores Ethereum’s increasing trader interest and its positioning ahead of a potential ETH ETF approval. Market analysts view this as a bullish indicator for Ethereum’s near-term performance. ETH’s growing derivative activity also reflects heightened ETF liquidity, as institutional players increase leverage-based exposure. Ethereum’s role in the DeFi ecosystem and upcoming staking developments may have fueled this momentum.

The upcoming CPI data release is expected to significantly impact the short-term market direction. The expected CPI rate is 2.5%, up from last month’s 2.3%. If the CPI rate is higher than 2.5%, a sell-off is likely as the chances of a Fed rate cut decline. If the CPI rate is exactly 2.5%, a temporary dip is expected, followed by a buying opportunity. If the CPI rate is lower than 2.5%, the market is likely to show a pump-and-dump pattern, closing the day in green. Only a CPI figure above 2.5% poses a threat to bullish sentiment. In all other cases, ETF liquidity could continue to strengthen, especially for altcoins riding high on ETF speculation.

Bitcoin’s volatility has declined ahead of the key macro event, signaling cautious trading behavior as investors await U.S. inflation data. Lower volatility generally points to an upcoming breakout or strong directional move. If CPI figures surprise on the upside, the market could see reduced expectations for near-term rate cuts, which would pressure both Bitcoin and altcoin prices, including those awaiting ETF approval. Bitcoin’s quiet phase reflects the broader risk-off sentiment, even as Ethereum and other assets continue showing strength in ETF-related speculation.

Market optimism around the ETH ETF and broader ETF liquidity remains dominant. Altcoins like Solana, Litecoin, and XRP stand on the verge of major institutional breakthroughs. Ethereum’s strong derivatives presence confirms its pivotal role in the ETF narrative. However, the CPI reading could act as a turning point. A higher-than-expected figure may cool the current momentum and reduce hopes of policy easing. Volatility in Bitcoin remains low, indicating that traders await confirmation before placing new bets. For now, ETF enthusiasm leads the sentiment. But macro data, particularly inflation trends, will determine whether the rally sustains or stalls in the short term.