XRP News Today: SEC Accelerates Altcoin ETF Reviews, Solana Approval Likely by July

The U.S. Securities and Exchange Commission (SEC) is expediting its review of spot funds tied to major altcoins, including Solana, Dogecoin, and SUI, with a decision expected by mid-to-late July. The SEC has requested issuers to update their S-1 filings by mid-June, followed by a 30-day comment window, indicating a swift regulatory process. This accelerated timeline is seen as a bullish signal, particularly for Solana, which has a 90% probability of approval, according to analysts.

Analysts are predicting an “altcoin ETF summer” as the SEC progresses toward approving a lineup of altcoin ETFs. Solana, Dogecoin, and SUI are leading the charge, with analysts estimating a 90% probability for Solana and Litecoin ETFs to gain regulatory approval by October. Dogecoin and XRP follow closely with a 75-85% probability. The SEC has a busy July agenda, with key deadlines for filing crypto index/basket ETFs and proposed amendments for Solana ETFs. The final deadline for VanEck, 21Shares, and Grayscale's SOL ETF filings is set for October 2025.

The SEC has pushed issuers to adopt cash-only creation models, a standard first tested in Bitcoin ETF approvals. This approach reduces broker-dealer risk by dealing with direct crypto transactions. Issuers like VanEck and 21Shares have complied with this model, while Grayscale's XRP ETF is still negotiating custody conditions with the SEC. The SEC also mandates aggressive surveillance arrangements to detect market manipulation, requiring collaborations with futures and spot market exchanges.

Approvals of altcoin ETFs could drive a significant influx of liquidity into altcoins, potentially reshaping the crypto dominance charts. VanEck expects Solana to hit $500 post-ETF, while Nasdaq's 21Shares filing has already injected $300 million into European ETPs. Dogecoin's approval chances are tied to Elon Musk's Twitter integration rumors. The SEC's altcoin ETF spree represents a major shift in crypto regulation, with Solana leading the way and niche tokens like SUI poised for growth. July approvals could ignite a summer rally or expose the weaknesses of the SEC's "cash-only" model, putting Bitcoin dominance on notice.