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XRP News Today: SEC Reviews 70 Altcoin ETF Applications, Approval Likely by 2025

Coin WorldWednesday, May 7, 2025 5:02 pm ET

1min read

Analysts are anticipating a surge in altcoin spot ETF filings as the U.S. Securities and Exchange Commission (SEC) is currently reviewing over 70 applications covering a range of cryptocurrencies, including Ripple’s XRP, Solana, Dogecoin, and Litecoin. This wave of filings follows the approval of Bitcoin and Ethereum ETFs earlier this year, which has significantly expanded institutional access to cryptocurrencies.

According to analysts, the current regulatory environment under the SEC suggests a high likelihood of approval for funds tracking Litecoin, XRP, Solana, and Dogecoin. This shift in policy is a departure from previous stances, where such applications would have been met with resistance. The SEC is now facing final deadlines on groups of proposals through late 2025, which means that approvals or rejections must be issued in the coming months.

Market-based predictions indicate strong confidence in the approval of altcoin ETFs by the end of the year. For instance, the probability of an XRP spot ETF being approved by December 2025 is around 78-79%, with similar odds for Solana and Litecoin. Dogecoin, however, has a slightly lower probability of around 68%. These odds have remained steady throughout 2025, suggesting that traders view approval as more likely than not. However, the probability of very near-term approval is lower, with XRP’s odds falling to around 42% for an approval by July 31, 2025.

Regulatory shifts are contributing to this optimism. In March 2025, the SEC dropped its appeal of a court ruling on XRP, a move described as a significant victory for Ripple. Since January 2025, the SEC has also de-emphasized enforcement, ending civil cases against crypto exchanges and signaling a more open approach to cryptocurrencies. This shift in regulatory stance, along with legislative developments and comments from key figures, has created a more favorable backdrop for altcoin ETFs.

On the legislative front, the SEC has moved forward with filings that it once stalled. In February 2025, the agency acknowledged proposed 19b-4 rule changes for Grayscale’s spot XRP and DOGE ETFs, a formal step that invites public comment but does not guarantee approval. These developments, coupled with a more favorable regulatory environment, have fueled optimism among analysts and traders alike.

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