XRP News Today: Solana ETF Approval Boosts Altcoin Market Expectations

Following the approval of Bitcoin and Ethereum spot ETFs in the US, the focus has shifted to other altcoins such as Solana (SOL), XRP, and Litecoin (LTC), which are also awaiting regulatory approval. The first approval in this category came for Solana (SOL), with the REX-OSPREY Solana ETF set to begin trading in the US on Wednesday, as announced by the CEO of Rex Shares, one of the issuer companies that applied for the spot Solana ETF.

This development has not only pushed the SOL price upwards but has also increased expectations for other altcoin ETFs in the market. Analysts estimate that there is a 95% probability of LTC and XRP spot ETFs being approved in 2025. According to Bloomberg senior ETF analysts James Seyffart and Eric Balchunas, the altcoins most likely to receive approval from the SEC after Solana are Litecoin and XRP. Seyffart and Balchunas have been correct in most of their predictions so far, and they expect a wave of new ETFs in the second half of 2025.

Following Litecoin and XRP, the next altcoins in line for potential approval are Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), Hedera (HBAR), and Avalanche (AVAX), each with a 90% probability rate. Analysts give a 60% probability for SUI and a 50% probability for Tron (TRX) and Pengu. The approval of these ETFs would mark a significant milestone for the cryptocurrency industry, opening the door to institutional capital and mainstream investors. The approval of these ETFs would not only provide investors with exposure to these cryptocurrencies without the need for direct ownership but also reduce the risk and cost associated with holding the assets. However, it is important to note that investing in ETFs does not eliminate the risk of price swings in the underlying cryptocurrency.

The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.

The approval of these ETFs would also pave the way for other altcoins, providing investors with a diversified portfolio of cryptocurrencies and reducing the risk associated with investing in a single asset. The approval of these ETFs would also provide a boost to the cryptocurrency market, as it would attract more institutional capital and mainstream investors. The cryptocurrency market is abuzz with anticipation as the US Securities and Exchange Commission (SEC) is expected to rule on Grayscale’s proposal to convert its Digital Large Cap Fund (GDLC) into a spot ETF later this week. This decision comes at a time when the odds of approval for several altcoin ETFs have surged, with analysts predicting a 95% chance for Solana (SOL), XRP, and Litecoin (LTC) spot ETFs to receive SEC approval this year. The approval of these ETFs would mark a significant milestone for the cryptocurrency industry, opening the door to institutional capital and mainstream investors.