XRP News Today: SEC Likely to Approve Altcoin ETFs for Litecoin, Solana, XRP with 90-95% Chance

The U.S. Securities and Exchange Commission (SEC) is on the verge of approving several altcoin exchange-traded funds (ETFs), marking a pivotal moment in the regulatory landscape for cryptocurrencies. Leading analysts have indicated a high probability that the SEC will approve ETFs for Litecoin (LTC), Solana (SOL), and XRP (XRP) this year. This optimism is fueled by constructive dialogues and increased confidence surrounding the approval of a wide array of crypto ETFs.

The likelihood of approval for these altcoin ETFs has significantly increased, with some analysts predicting a 90-95% chance that the SEC will give the green light. This optimism is driven by the SEC's apparent view of these cryptocurrencies as commodities, which could facilitate their inclusion in regulated financial products. The approval of these ETFs would represent a turning point for altcoins, making them more accessible to retail investors and institutional capital.

The potential approval of these ETFs is not without its challenges. The SEC recently announced a 35-day delay in its decision to approve or disapprove the spot XRP filing proposed by top asset manager Franklin Templeton. This delay has added tension to the market, as traders and investors await the final decision. Despite this setback, the overall sentiment remains positive, with speculators betting on a high likelihood of approval by year-end.

The approval of these altcoin ETFs would have far-reaching implications for the crypto market. It would simplify access for retail investors, enabling the inflow of institutional capital that avoids direct exposure to crypto. This could drive demand for these altcoins, leading to greater liquidity and price stability. The shift in sentiment also points to the broader transformation of crypto into regulated financial products, attracting bigger players like hedge funds and asset managers to the digital asset space.

Altcoin ETF filings are in advanced stages, with the SEC recognizing several revised S-1s and 19b-4 applications. The XRP application, supported by Franklin Templeton, Grayscale, and Bitwise, has been officially received, and the final decision will be made by October 17. The Solana application has also been accepted, with roughly the same review deadline of October 10. The SEC's active engagement and recent index moves indicate that green lights could arrive within months.

In addition, the SEC recently approved the Nasdaq Crypto US Settlement Price Index, which includes XRP, SOL, ADA, and XLM. This move is considered a significant step toward legitimizing altcoins within regulated financial products. Altcoins have also become popular, with analysts estimating a 90% approval chance for Cardano, Polkadot, Avalanche, Dogecoin, and HBAR. At 60 percent, SUI is lagging behind, with the main reason being the absence of futures markets and regulatory clarity.

Nate Geraci, an ETF expert, thinks that 2025 will probably be a breakout year and that more advanced products will be on offer, such as support for staking and in-kind redemptions. He also foresees more entrants in the field, such as BlackRock, with interest spreading.

With XRP, Solana, and Litecoin at the forefront, ETF approvals are now seen as highly likely. The SEC’s active engagement and recent index moves indicate that green lights could arrive within months. The next few months will be critical as the market awaits the final decision from the SEC.