SOL, LTC, and XRP ETFs Near Approval with 95% Odds
A wave of optimism is sweeping through the crypto investment space as Bloomberg ETF analysts James Seyffart and Eric Balchunas have increased the chances of spot ETF approvals for Solana (SOL), Litecoin (LTC), and XRP to 95%, citing growing engagement from the U.S. Securities and Exchange Commission (SEC).
In their latest market outlook shared on X (formerly Twitter) on June 20, 2025, the analysts noted that institutional and regulatory momentum is aligning, paving the way for several spot crypto ETFs to potentially launch in the United States before the end of the year.
Regulatory Momentum Builds for Crypto ETFs
The updated 95% probability marks a notable shift from earlier estimates that placed crypto ETF approvals in the 70–80% range. This change in outlook stems largely from increased engagement between ETF issuers and the SEC, according to Seyffart and Balchunas.
The SEC has formally acknowledged multiple 19b-4 filings for these ETF applications—a key step in the approval process. In addition, many of the digital assets involved, including Solana, Litecoin, and XRP, already have Commodity Futures Trading Commission (CFTC)-regulated futures markets, which reinforces their credibility in the eyes of regulators.
The analysts said these signs collectively point to a regulator that is becoming more comfortable with altcoin-based ETFs. “The SEC’s engagement here is a very positive sign,” Seyffart noted.
Multiple Altcoins See High Approval Odds
The optimism doesn’t stop with Solana, Litecoin, and XRP. According to the analysts’ updated estimates, a range of other altcoins also have strong odds of securing spot ETF approval in 2025:1) polkadot 2) hedera 3) cardano 4) avalanche 4) dogecoin
These figures suggest that the SEC may be preparing for a broader rollout of crypto investment products, reflecting a shift in how regulators view digital assets. With several deadlines approaching in the second half of 2025, investors and institutions alike are keeping a close eye on the timeline.
ETF Baskets Also Likely to Gain Approval
It’s not just single-asset ETFs that are gaining traction. Analysts also gave a 95% approval chance to crypto basket ETFs proposed by firms like Grayscale, Bitwise, Hashdex, and Franklin Templeton. These multi-asset products aim to provide diversified exposure to several cryptocurrencies in one tradable fund.
With SEC deadlines looming for many of these filings, analysts believe it’s just a matter of timing. Some approvals could happen as early as this summer, while others may be delayed until the final decision periods in October or November.
A Turning Point for Crypto Regulation
The increased odds come at a pivotal moment for the crypto market, which has seen a sharp rise in institutional interest. Spot Bitcoin ETFs, approved earlier this year, opened the door for mainstream investment in digital assets. Now, the focus is shifting to altcoins.
The SEC’s evolving stance could signal a new chapter for the industry. After years of legal disputes and regulatory uncertainty—especially in cases involving XRP and other tokens—the tone has begun to change. Many of the assets now under consideration are increasingly seen as commodities, rather than securities, providing a clearer path to compliance.
The approval of ETFs for Solana, Litecoin, and XRP could significantly deepen liquidity and market access, especially for institutions that prefer regulated products.
Industry Reaction and What Comes Next
Crypto market participants and ETF issuers have welcomed the analysts’ update as a signal that real progress is being made behind the scenes. The possibility of ETF approvals has already influenced market sentiment and could fuel fresh inflows into the respective tokens.
That said, timing remains uncertain. In a follow-up post, Seyffart cautioned, “The timing of these approvals/launches is more uncertain. Could be something we’re talking about in the next month or two. Or it could be something that waits until October or later.”
The SEC’s approach may remain cautious, but the consensus is building: these ETFs are likely coming. For now, the question isn’t if—they’ll be approved, but when.
Key Dates to Watch
While no firm approval dates have been given, many ETF applications for altcoins face final SEC decision deadlines in October and November 2025. These dates will be crucial for investors tracking the potential rollout of new crypto investment vehicles.
With Solana, Litecoin, and XRP leading the pack, and multi-asset products close behind, the next few months could reshape the landscape of regulated crypto access in the U.S.
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