XRP news today: SEC Approval Likely for Altcoin ETFs by 2025, 75% Chance

Crypto ETF issuers may soon have the opportunity to expand beyond spot bitcoin and ether funds. According to analysts, there is a 75% or greater chance that the U.S. Securities and Exchange Commission (SEC) will approve a range of spot altcoin ETFs by the end of 2025. This optimism is driven by the current landscape of eight separate spot fund proposals before the SEC, which include ETFs tied to solana (SOL), litecoin (LTC), dogecoin (DOGE), XRP, cardano (ADA), avalanche (AVAX), polkadot (DOT), and hedera (HBAR).

Index and basket-style ETFs, which group multiple cryptocurrencies, are seen as having the highest odds of approval, with chances pegged at 90%. The first key deadline for the SEC to respond to proposals for basket-style funds is July 2. Decisions on single-asset ETFs like SOL, DOGE, XRP, and ADA are expected in October, with others following in November and December. These deadlines are final, meaning the SEC will be required to issue final rulings, having previously delayed decisions.

Some issuers have submitted intent to launch funds tracking smaller-cap tokens such as SUI, Trump Coin (TRUMP), and Melania Coin (MELANIA), but these have not yet advanced to the formal 19b-4 stage, which is a requirement filing to trigger an SEC review. Analysts believe that SUI’s chances could be on par with the other altcoin filings, assuming similar prospects to the other altcoin ETFs.

The outlook for altcoin ETFs has shifted sharply with the appointment of Paul Atkins as SEC chairman. Atkins, known for his crypto-friendly stance, has expressed that innovation “has been stifled” and the existing regulatory framework “badly needs attention.” This shift in regulatory sentiment has bolstered the prospects for the approval of spot altcoin ETFs, including those for SOL, XRP, and DOGE, by the end of 2025.