XRP News Today: Analysts Predict 95% Chance of ETF Approval for Litecoin, XRP, Solana in 2025

Analysts have expressed a high level of confidence in the approval of exchange-traded fund (ETF) applications for Litecoin (LTC), XRP, and Solana (SOL) this year. According to James Seyffart and Eric Balchunas, these three altcoins have a 95% chance of securing ETFs in 2025. This optimistic outlook is based on the positive engagement from the U.S. Securities and Exchange Commission (SEC), which has acknowledged the 19b-4 forms for these applications. The SEC's recognition of these forms suggests that the underlying altcoins are viewed as commodities, further bolstering the chances of approval. Additionally, the existence of Commodity Futures Trading Commission-regulated futures markets for many of these assets supports the likelihood of ETF approval.

The analysts also give potential ETFs for Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), Hedera (HBAR), and Avalanche (AVAX) a 90% chance of approval. A Sui (SUI) ETF application from the crypto asset manager Canary Capital has slightly lower odds, at 60%, and a Canary Tron (TRX) bid doesn’t have any chance in 2025, according to the analysts. Numerous other ETF applications have been filed for potential funds based on various cryptocurrencies, including Axelar (AXL), BNB, Aptos (APT), Chainlink (LINK), Pudgy Penguins (PENGU), Official Trump (TRUMP), Melania (MELANIA), and Bonk (BONK). Other potential new ETFs are tied to a basket of currencies, and a few are based on Bitcoin (BTC) and/or Ethereum, assets that have already been approved for inclusion in other spot ETFs.

The SEC greenlit the first spot market Bitcoin ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum ETFs for trading last July. The approval odds for these ETF applications have surged due to the SEC's positive engagement, which has acknowledged the 19b-4 forms for these applications. The SEC's recognition of these forms suggests that the underlying altcoins are viewed as commodities, further bolstering the chances of approval. Additionally, the existence of Commodity Futures Trading Commission-regulated futures markets for many of these assets supports the likelihood of ETF approval.

Analysts James Seyffart and Eric Balchunas shared this updated outlook on a social media platform, highlighting that the high odds of approval extend to other crypto ETF filings as well. Dogecoin, Cardano, Avalanche, Hedera, and Polkadot are also expected to have a 90% chance of approval this year. Furthermore, crypto basket or index ETF filings by Grayscale, Hashdex, Bitwise, and Franklin Templeton are assigned a 95% probability of approval within the next six months. Many of these applications are approaching their final SEC deadlines in early July.

The timing of these approvals remains uncertain, with analysts suggesting that they could arrive within weeks or closer to the final deadlines later this year. Most applications have their final SEC decision dates in October and November. Despite this uncertainty, the experts believe that approval is inevitable, making it a matter of when, not if. The positive engagement from the SEC is seen as a very encouraging sign, indicating that the regulator is actively considering these applications. This development is particularly noteworthy given the historical challenges faced by crypto ETF applicants. The analysts' optimism is further supported by the fact that many of these assets already have regulated futures markets, which aligns with the SEC's view of these assets as commodities. This alignment could streamline the approval process and pave the way for a broader acceptance of crypto ETFs in the market.